Consumer sentiment deteriorated in the world's largest economy

Consumer sentiment deteriorated slightly in the United States in April, according to final data of regular monthly survey released on Friday by the University of Michigan.

The University of Michigan's consumer sentiment for the United States came in at 89 points in April of 2016, down from 91.0 points in the previous month and lower than preliminary estimates of 89.7 points.

It is the smallest reading since September as future expectations decreased to its lowest since September of 2014 and inflation rate for the next year is seen at a 7-month high. Consumer Confidence in the United States averaged 85.87 points from 1952 until 2016, reaching an all time high of 111.40 points in January of 2000 and a record low of 51.70 in May of 1980. Consumer Confidence in the United States is reported by the University of Michigan. (MTI)