Consumer Sentiment Sinks

April 11, 2013  by in UnCategorized   

By Aggregated Content in economic news on April 12, 2013 from http://research.tdameritrade.com/grid/public/markets/news/story.asp?docKey=1-SN20130412007924-0BEPL8GUKF2C3LSTSDNNQP5C6Q&category=Economy

A gauge of consumer sentiment dropped in early April to the lowest level in nine months, led by gloomier expectations and views on current economic conditions, according to data released Friday.

The University of Michigan-Thomson Reuters consumer-sentiment gauge dropped to a preliminary April reading of 72.3 -- the lowest result since July -- from a final March reading of 78.6. had expected a preliminary April reading of 79.3.

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