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U.S. Consumer Sentiment Climbs on Upbeat Assessment of Economy

Photographer: David Paul Morris/Bloomberg
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Consumer sentiment advanced to a three-month high in April as Americans’ optimism about their current financial situation and the economy reached the strongest point since 2000, University of Michigan survey data showed Thursday.

Americans have kept up a solid run of optimism, supported by a labor market that’s still humming and confidence that growth-boosting policies will take shape under the Trump administration. Some 52 percent of respondents to the Michigan survey reported that their finances had recently improved, the highest share since 2000. The more favorable assessment reflected higher incomes and wealth, as well as low prices.