University of Michigan final sentiment for April 52.2 versus 50.8

• Prior month 57.0
• University of Michigan sentiment final April 52.2 versus 50.8. Prior month 57.0
• Current conditions 59.8 versus 56.5 estimate. Preliminary 56.5. Prior month 63.8
• Expectations and 47.3 versus 47.1 estimate. Preliminary 47.2. Prior month 52.6

inflation expectations

• 1 year inflation expectations 6.5% versus 5.0% last month. Preliminary 6.7%
• Five year inflation expectations 4.4% versus 4.1% last month. Preliminary 4.4%

The data is better than expectations and better than the preliminary. Overall, the soft data has been weaker while the hard data has been hanging in there. Weekly initial jobless claims are still solid

Although the data is higher, the sentiment index is still relatively low (see the chart above)

This article was written by Greg Michalowski at www.forexlive.com.