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- U.S. consumer sentiment improves less than initially estimated in May
U.S. consumer sentiment improves less than initially estimated in May
The final
reading for the April Reuters/Michigan index of consumer sentiment came in at 100
compared to a preliminary reading of 102.4 and the April final reading of 97.2.
That was the highest reading since September 2018.
Economists had
forecast the index to be revised downwardly to 101.5.
According to
the report, the index of the current economic conditions fell to 110.0 from April’s
final reading of 112.3.
Meanwhile, the
index of consumer expectations increased to 93.5 from April’s final reading of 87.4.
The report
notes that confidence significantly eroded in the last two weeks of May due to
unfavorable references to tariffs.
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