Consumer Sentiment Continues to Slide

Consumer sentiment fell to 89.0 in April, down 2 points from the previous month, according to the University of Michigan Consumer Sentiment Index.

The Current Economic Conditions Index improved 1.1 points to 106.7 in March, while the Index of Consumer Expectations continued its decline, falling 3.9 points to 77.6.

“The size of the decline [in future expectations], while troublesome, is still far short of indicating an impending recession,” said Richard Curtin, Chief Economist of UM Surveys of Consumers The decline is all the more remarkable given that consumers’ assessments of current economic conditions, including their personal finance, have remained largely unchanged at very positive levels during the past year.”