Preliminary Results for April 2024
Apr Mar Apr M-M Y-Y
2024 2024 2023 Change Change
Index of Consumer Sentiment 77.9 79.4 63.7 -1.9% +22.3%
Current Economic Conditions 79.3 82.5 68.5 -3.9% +15.8%
Index of Consumer Expectations 77.0 77.4 60.6 -0.5% +27.1%
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Next data release: Friday, April 26, 2024 for Final April data at 10am ET
Surveys of Consumers Director Joanne Hsu
Sentiment moved sideways for the fourth straight month, as consumers perceived few meaningful developments in the economy. Since January, sentiment has remained remarkably steady within a very narrow 2.5 index point range, well under the 5 points necessary for a statistically significant difference in readings. Consumers perceived little change in the state of the economy since the start of the new year. Expectations over personal finances, business conditions, and labor markets have all been stable over the last four months. However, a slight uptick in inflation expectations in April reflects some frustration that the inflation slowdown may have stalled. Overall, consumers are reserving judgment about the economy in light of the upcoming election, which, in the view of many consumers, could have a substantial impact on the trajectory of the economy.

Year-ahead inflation expectations ticked up from 2.9% last month to 3.1% this month, lifting just above the 2.3-3.0% range seen in the two years prior to the pandemic. Long-run inflation expectations also edged up, from 2.8% last month to 3.0% this month.