U.S. Consumer Sentiment Rises in April


U.S. consumer sentiment rose more than expected in April, a survey released on Friday showed.

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The University of Michigan's preliminary April reading on the overall index on consumer sentiment came in at 95.9, up from the final March read of 93.0. Analysts were looking for a reading of 94.0.

The survey's subindex on business conditions rose to 108.2 from 105.0 in March, while a read on consumer expectations rose to 88.0 from 85.3. The median forecast of analysts polled by Reuters was for a reading of 105.2 for the conditions index and 87.0 for expectations.

(Reporting by Ryan Vlastelica; Editing by Meredith Mazzilli)