UMich May prelim US consumer sentiment 59.1 vs 64.0 expected
From forexlive.com
Prior was 65.2 Current conditions 63.6 vs 70.5 expected Expectations 56.3 vs 63.0 expected 1-year inflation expectations 5.4% vs 5.4% prior 5-10 year inflation expectations 3.0% vs 3.0% prior Consumers' assessment of their current financial situation relative to a year ago is at its lowest reading since 2013 Buying conditions for durables reached its lowest reading since the question began appearing on the monthly surveys in 1978, primarily due to high prices.
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UMich Sentiment Slumps Back To 11 Year Lows As Inflation Fears Surge
From zerohedge.com
After April's modest bounce (off decade lows), UMich Sentiment Survey was expected to fall back a little... instead it puked to new cycle lows... The headline sentiment index plunged to 59.1 from 65.2 in April, its lowest since 2011. A gauge of current conditions dropped to 63.6, the lowest in 13 years, while a measure of future expectations declined 6.2 points, erasing most of Aprils gains. These declines were broad based and visible across income, age, education, geography, and political affiliation--continuing the general downward trend in sentiment over the past year. Consumers' assessment of their current ...
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