US Consumer Sentiment at 7-Month Low


The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 88.6 in May, down from 95.9 in April and well below market expectations. Both current and future expectations declined while the inflation outlook rose.

The barometer of current economic conditions fell to 99.8 in May from 107 in April.

The gauge of consumer expectations dropped to 81.5 from 88.8 in the previous month.

Americans expect the inflation rate in the next year will be 2.9 percent, compared with 2.6 percent in April. Over the next 5 to 10 years, they expect consumer prices to accelerate to 2.8 percent, compared with 2.6 percent in April.

US Consumer Sentiment at 7-Month Low


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
5/15/2015 3:11:42 PM