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U.S. Consumer Sentiment Index Shows Unexpected Drop In April

Consumer sentiment in the U.S. has seen an unexpected deterioration in the month of April, according to a report released by Reuters and the University of Michigan on Friday, with the consumer sentiment index pulling back off a thirteen-month high.

The report showed that the preliminary reading on consumer sentiment in the month of April fell to 75.7 compared to March's final reading of 76.2. Economists had expected the index to come in unchanged compared to the previous month.

by RTTNews Staff Writer

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