Consumer Sentiment Down

By Staff -- Purchasing, 5/3/2007

Rising gasoline prices and troubles in the housing market in April knocked consumer sentiment to its lowest in eight months. The Reuters/University of Michigan Surveys of Consumers said the preliminary April reading of its consumer sentiment index slid to 85.3 from 88.4 in March. The April result was the lowest since 82.0 in August 2006 and marked the third straight fall in the index.