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Consumer sentiment at 4-year high in early May
Source: Reuters
Consumer sentiment at 4-year high in early May
By Jason Lange and Leah Schnurr
WASHINGTON/NEW YORK | Fri May 11, 2012 11:16am EDT
(Reuters) - U.S. consumer sentiment rose to its highest level in more than four years in early May as Americans remained upbeat about the job market, a survey released on Friday showed.
Separate data earlier in the day showed U.S. producer prices unexpectedly fell in April as energy costs dropped by the most in six months, a sign of easing inflation pressures that could give the Federal Reserve more room to help the economy should growth weaken.
The Thomson Reuters/University of Michigan's preliminary May reading on the overall index on consumer sentiment improved to 77.8 from 76.4 in April, topping forecasts for a small decline to 76.2.
It was the highest level since January 2008.
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By Jason Lange and Leah Schnurr
WASHINGTON/NEW YORK | Fri May 11, 2012 11:16am EDT
(Reuters) - U.S. consumer sentiment rose to its highest level in more than four years in early May as Americans remained upbeat about the job market, a survey released on Friday showed.
Separate data earlier in the day showed U.S. producer prices unexpectedly fell in April as energy costs dropped by the most in six months, a sign of easing inflation pressures that could give the Federal Reserve more room to help the economy should growth weaken.
The Thomson Reuters/University of Michigan's preliminary May reading on the overall index on consumer sentiment improved to 77.8 from 76.4 in April, topping forecasts for a small decline to 76.2.
It was the highest level since January 2008.
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Read more: http://www.reuters.com/article/2012/05/11/us-usa-economy-sentiment-idUSBRE84A0PN20120511
