US Consumer Sentiment Revised Down in May


The final University of Michigan's consumer sentiment for the United States came in at 94.7 in May of 2016, down from 95.8 in the preliminary release but higher than 89 in the previous month. Future expectations decreased while the current conditions index rose to its highest since January 2007.

The gauge of consumer expectations was recorded at 84.9 versus a preliminary reading of 87.5 and a final of 77.6 in the previous month. The barometer of current economic conditions came in at 109.9, higher than a preliminary reading of 108.6 and compared with a final reading of 106.7 in March. 

Americans expect the inflation rate in the next year will be 2.4 percent, lower than a preliminary of 2.5 percent and 2.8 percent in April. Over the next 5 to 10 years, they expect consumer prices to increase 2.5 percent, the same as in the previous month but lower than a preliminary of 2.6 percent.

US Consumer Sentiment Revised Down in May


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
5/27/2016 3:11:54 PM