US Consumer Sentiment Above Estimates

The University of Michigan's final reading on the overall index of consumer sentiment came in at 90.7 in May, higher than a preliminary reading of 88.6 but below 95.9 reported in April. Yet, it is the lowest figure in six months.

The barometer of current economic conditions increased to 100.8 from a preliminary 99.8 but decreased from 107.0 in April. 

The gauge of consumer expectations edged up to 84.2 from a preliminary 81.5 but fell from 88.8 in the previous month.

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

US Consumer Sentiment Above Estimates

University of Michigan | Joana Taborda |
5/29/2015 3:13:23 PM