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Consumer Confidence Declines

4/13/2012 10:00:00 AM
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Consumer confidence decreased this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

The April preliminary index declined to a reading of 75.7, from 76.2 in March.

Economists had predicted the reading would remain at 76.2, Bloomberg reported.

The index averaged a reading of 89 in the five years leading up to the recession at the end of 2007.

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Emil Estafanous, CPA, CFF, CGMA