Friday, May 28, 2010

University of Michigan Consumer Sentiment Index Up 1.4 Points

In May, the University of Michigan Consumer Sentiment Index rose 1.4 points to 73.6. Confidence has essentially been unchanged since February. Though off its cyclical low of last year, this level is still quite depressed based on historical standards. All of the modest improvement in May was due to the future expectations component, which rose 2.3 points. The current conditions components of the index remained unchanged.

After remaining unchanged for three months, inflationary expectations rose. The one-year outlook jumped to 3.2% from 2.7% in April. The five-year outlook rose to 2.9% from 2.7%.

10.05.28 (Source: University of Michigan)

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