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The Thomson Reuters/University of Michigan preliminary consumer sentiment index fell to 89.7 in April from a final reading of 91.0 in March. Analysts had expected the index to rise at 92.0.
"Concerns have risen about the resilience of consumers in the months ahead. Consumers reported a slowdown in expected wage gains, weakening inflation-adjusted income expectations, and growing concerns that slowing economic growth would reduce the pace of job creation. These apprehensions should ease as the economy rebounds from its dismal start in the first quarter of 2016," the Surveys of Consumers chief economist at the University of Michigan Richard Curtin said.
"Overall, the data now indicate that inflation-adjusted personal consumption expenditures will grow by 2.5% in 2016," he added.
The index of current economic conditions declined to 105.4 in April from 105.6 in March, while the index of consumer expectations decreased to 79.6 from 81.5.
The one-year inflation expectations remained unchanged at 2.7% in March from 2.5% in February.
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