by Bill McBride on 4/26/2013 09:55:00 AM
Friday, April 26, 2013
Click on graph for larger image.
The final Reuters / University of Michigan consumer sentiment index for April increased to 76.4 from the preliminary reading of 72.3, but down from the March reading of 78.6.
This was above the consensus forecast of 73.0, but still fairly low. There are a number of factors that impact sentiment including unemployment, gasoline prices and, for 2013, the payroll tax increase and even politics (sequestration, etc).
Sentiment is mostly moving sideways over the last year at a fairly low level (with ups and downs).