UMich Consumer Sentiment 59.5 — Lowest Since 1980
The Reuters/University of Michigan Consumer Sentiment Index read 59.5 in May, lower than the consensus estimate of 62 and down from Apr.’s 62.6.
Current conditions index: 71.7 vs. 77 prior
Consumer expectations index: 51.7 vs. 53.3 prior
1-Year inflation expectation 5.2 vs. 4.8 prior
5-Year inflation expectation 3.3 vs. 3.2 prior