Friday, May 15, 2015

Preliminary May Consumer Sentiment declines to 88.6

by Bill McBride on 5/15/2015 10:03:00 AM

Consumer Sentiment
Click on graph for larger image.

The preliminary University of Michigan consumer sentiment index for May was at 88.6, down from 95.9 in April.

This was below the consensus forecast of 95.8. Higher gasoline prices are probably the reason for the decline this month.