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University Of Michigan Sentiment Misses Forecast

US DATA

University of Michigan Sentiment (May P) M/M 59.1 vs. Exp. 64.0 (Prev. 65.2)

  • Current Conditions 63.6 vs. Exp. 69.3 (Prev. 69.4)
  • Expectations 56.3 vs. Exp. 61.5 (Prev. 62.5)
  • 1 Yr Inflation 5.4% vs. Exp. 5.5% (Prev. 5.4%)
  • 5-10 Yr Inflation 3.0% (Prev. 3.0%)

From the survey:

  • These declines were broad based--for current economic conditions as well as consumer expectations, and visible across income, age, education, geography, and political affiliation
  • 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
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities

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