Briefing.com: Mich Sentiment

Updated: 08-May-26 10:15 ET

May Univ. of Michigan Consumer Sentiment - Prelim

Updated: 08-May-26 10:15 ET

Highlights

The preliminary reading for the University of Michigan Consumer Sentiment Index for May dropped to 48.2 (Briefing.com consensus: 50.5) from the final reading of 49.8 for April.
In the same period a year ago, the index stood at 52.2.

Key Factors

The Current Economic Conditions Index fell to 47.8 from the final reading of 52.5 for April. In the same period a year ago, the index stood at 58.9.
The Index of Consumer Expectations bumped up to 48.5 from the final reading of 48.1 for April. In the same period a year ago, the index stood at 47.9.
Year-ahead inflation expectations dipped to 4.5% from the final reading of 4.7% for April.
Long-run inflation expectations dipped to 3.4% from the final reading of 3.5% for April.

Big Picture

The key takeaway from the report is that consumers are clearly concerned about rising costs and their ability to out-earn the inflation.