Skip to content
Subscriber Only
Markets
Economics

U.S. Consumer Sentiment Falls as Outlook for Economy Weakens

U.S. consumer sentiment fell in April for the first time in three months, missing estimates, as the long-term economic outlook dropped to the lowest in more than a year and enthusiasm over tax cuts waned.

The University of Michigan’s preliminary sentiment index decreased to 96.9 from the prior month’s 98.4, according to a report Friday. The median estimate of economists surveyed by Bloomberg was 98.2. The gauge of current conditions rose to a four-month high of 114.2, while the expectations gauge fell to 85.8.