U.S. Michigan Consumer Sentiment Decreased to 75.7 in Apr


14/04/2012 09:26 AST

Confidence among U.S. consumers cooled in April from a one-year high, a sign the moderation in job growth may limit the biggest part of the economy.

The Thomson Reuters/University of Michigan’s preliminary index of sentiment dropped to 75.7 from 76.2 last month. The measure was projected to be unchanged, according to a median forecast in a Bloomberg News survey of economists.

Tempered optimism follows the slowest month of job growth since October and a drop in weekly earnings that may restrain household purchases that account for about 70 percent of the economy. Another report showed consumer prices advanced at a slower pace in March, giving Federal Reserve policy makers room to maintain low borrowing costs.

For more on this Click Here

Bloomberg
Global News
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 30.79 582,966
RIBL 16.14 591,522
CHEMANOL 12.1 1,618,191
AMANAINSURANCE 13.12 740,916
ALKHODARI 28.33 168,070
EEC 33.8
SPIMACO 42.76 269,109
Recent News

US economy grew 2.3% in Q2
WASHINGTON — The US economy picked up sharply in the second quarter, boosted by increased consumer spending and exports after a tepid first quarter, the Commerce Department reported Thursday. Gross d

Foreign firms bid for $5bn Saudi gas project
ALKHOBAR: Foreign engineering firms have submitted bids to build a gas plant in eastern Saudi Arabia for Saudi Aramco at an estimated cost of $5 billion to $6 billion, industry sources said.

SR1.56bn deal boosts Jamal Omar shares
JEDDAH: Gulf stock markets were narrowly mixed on Thursday as a series of disappointing corporate earnings reports, especially in the telecommunications sector, offset the positive impact of improvin

BisB registers 105pc rise in net income
Manama: BisB has posted an increase of 105 per cent in net income for the first six months of the year at BD8.2 million ($21.75m), compared with BD4m for the same period last year.

Net inc

BCFC net profit surges 18pc to $22.5 million
Manama: Bahrain Commercial Facilities Company (BCFC) has posted an 18 per cent rise in consolidated net profit at BD8.5 million ($22.5m) for the first half of the year, compared with BD7.2m for the s

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?