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U.S. Consumer Sentiment Falls in April

by Ken Anderson | Apr 30, 2013
Confidence among consumers fell in April to a three-month low as Americans grew more pessimistic about the outlook for the economy.

Confidence among consumers fell in April to a three-month low as Americans grew more pessimistic about the outlook for the economy.

The Thomson Reuters/University of Michigan final index of consumer sentiment declined less than forecast, to 76.4 from 78.6 a month earlier. The median projection in a Bloomberg survey was 73.5 after a preliminary April reading of 72.3.

The figures indicate consumer spending may cool after climbing in the first quarter by the most since the end of 2010 and slow the pace of economic growth.

(Source: Bloomberg News)