Consumer Sentiment Falls to 26-Year Low

Ann Arbor, MI, April 25, 2008–U.S. consumer sentiment fell more than expected in April to its lowest level in 26 years, a sign that Americans are likely to curb spending.

The Reuters/University of Michigan index of consumer sentiment decreased to 62.6, the weakest since 1982, from 69.5 the prior month. The measure averaged 85.6 last year.