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SMLL - Struggling Economy Sends Consumer Sentiment Tumbling Again In April
Direxion Daily Small Cap Bull 2X Shares
By Robert Hughes
The final April results from the University of Michigan Surveys of Consumers show overall consumer sentiment fell sharply from the final March result, registering the second double-digit percentage decline in a row. Consumer sentiment decreased to 71.8 in April, down from 89.1 in March, a 19.4 percent decline (see top chart). From a year ago, the index is down 26.1 percent. March and April combined show a two-month drop of 29.2 Index-points.
The two sub-indexes also posted sharp declines in April. First, the current-economic-conditions index dropped to 74.3 from 103.7 in March