Updated: 17-May-19 10:51 ET
|Updated: 17-May-19 10:51 ET
- The preliminary University of Michigan Index of Consumer Sentiment jumped to 102.4 (Briefing.com consensus 96.9) in May from 97.2 in April.
- The May reading is the highest reading since 2004.
- The Current Economic Conditions Index edged up to 112.4 from 112.3.
- The Index of Consumer Expectations increased to 96.0 from 87.4.
- The key takeaway from the report is that it was driven by positive attitudes about the outlook, although it would be remiss not to mention that the results were tabulated before the recent setback in trade negotiations with China and implementation of new tariff rates on both sides. That understanding raises the prospect of a downward revision with the final report for May.
| Present conditions