Consumers were generally optimistic during the month of April, new figures showed on Friday, though not as cheery as Wall Street economists expected.
The University of Michigan's Consumer Sentiment Index hit 97 in April, slightly below economists expectations for a reading of 98 during the month, according to Thomson Reuters consensus estimates.
Earlier on Friday, a separate report showed that the U.S. economy grew at a disappointing pace, and its
Nevertheless, "there was widespread agreement among consumers on their very positive assessments of the current state of the economy as well as widespread disagreement on future economic prospects," the group said.
Last month the index had a final reading of 96.9
This monthly survey by the University of Michigan measures 500 consumers' attitudes toward topics such as personal finances, inflation, unemployment, government policies and interest rates.