US Consumer Sentiment Jumps to 11-Month High


The University of Michigan's consumer sentiment for the United States came in at 95.8 in May of 2016, up from 89 in the previous month and above market expectations. It is the highest reading since June last year, as both future expectations and current conditions improved, preliminary estimates showed, suggesting a strength in consumer spending.

The barometer of consumer expectations went up to 87.5 from 77.6 in the previous month and the gauge of current economic conditions increased to 108.6 from 106.7 in April.

Americans expect the inflation rate in the next year to be 2.5 percent, lower than 2.8 percent in April. Over the next 5 years, they expect consumer prices to increase at a faster 2.6 percent (2.5 percent in April).

US Consumer Sentiment Jumps to 11-Month High


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
5/13/2016 3:19:21 PM