Keeping you up to date on the latest data releases.
Final numbers show that the University of Michigan’s Index of Consumer Sentiment increased slightly to 81.9 from the preliminary number of 81.8 posted earlier in May. The Index of Consumer Expectations increased to 73.7 from the preliminary number of 73.2. The economic conditions index decreased to 94.5 from the preliminary number of 95.1.
As for inflation expectations in May, consumers expect a year-ahead inflation rate of 3.3 percent and a longer rate (5- to 10-year) of 2.8 percent.