UMich Consumer Confidence Tumbles Most In 18 Months

Friday, April 13, 2018
By Paul Martin

by Tyler Durden
Fri, 04/13/2018

While UMich rose to a 14-year high in March, it was the “poor” that thrived while the “rich” were less confident. April’s preliminary print showed that weakness spreading as the headline sentiment index tumbled from 101.4 to 97.8 (missing 100.4 expectations).

Fewer households reported recent net income gains in early April than March (22%, down from 34%), but the median annual income increase consumers anticipated for the year ahead rose to 2.1%, up from1.7% in March and 1.6% last April

Surprisingly, all of the April gain was among Democrats and Independents.

Current conditions and Future expectations both fell…

The Rest…HERE

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