scorecard
  1. Home
  2. stock market
  3. Consumer confidence crushes expectations

Consumer confidence crushes expectations

Myles Udland   

Consumer confidence crushes expectations
Stock Market1 min read

University of Michigan Obama

REUTERS/Larry Downing

U.S. President Barack Obama prepares to walk out and address students at the University of Michigan in Ann Arbor, Michigan.

Consumer confidence is soaring.

The preliminary reading on consumer confidence from the University of Michigan came in at 95.9, topping expectations for a reading of 94.0.

Expectations were for the reading to come in at 94.0, up from 93.0 at the end of February.

The report also showed that consumers' assessment of economic conditions and expectations for future conditions rose from March.

The inflation outlook for consumers declined for both a 1-year and 5 to 10-year view.

More to come ...

NOW WATCH: How to supercharge your iPhone in only 5 minutes

READ MORE ARTICLES ON


Advertisement

Advertisement