The final reading for consumer sentiment in April rose to 76.4 from
76.2 in March, according to reports on a gauge released Friday by the
University of Michigan/Thomson Reuters.
High gas prices and stock-market volatility have been weighing on consumers.
The sentiment gauge, which covers how consumers view their personal
finances as well as business and buying conditions, averaged about 87
in the year before the most recent recession. Economists watch
sentiment data to get a feel for the direction of consumer spending.
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