Chicago PMI Exceeded Analyst Expectations
On April 28, University of Michigan released the final reading of the Consumer Sentiment report for April. The report indicated that Consumer Sentiment improved from 62 to 63.5, in line with the analyst consensus.
According to the report, “Despite the increasingly negative news on business conditions heard by consumers, their short and long-run economic outlook improved modestly from last month.”
Today, traders also had a chance to take a look at the Chicago PMI report for April. The report showed that Chicago PMI increased from 43.8 in March to 48.6 in April, compared to analyst consensus of 43.5.
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