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University of Michigan’s consumer sentiment index in April fell to a reading of 97.8, down from 101.4 in March. Consumer sentiment index of the University of Michigan measures the level of consumer confidence in economic activity.

Michigan Consumer Sentiment Index is one of the leading consumer sentiment indicators for the U.S. University of Michigan also tracks Current Conditions, Consumer Expectations, 1-year and 5-year Inflation Expectations.

While the reading still showed that confidence “remains relatively high”, the report attributes the pullback mainly to concerns about the potential impact of US President Donald Trump’s trade policies on the US economy.

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