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Consumer sentiment index hits 97.1 in final May reading vs estimate of 97.5
Consumers were less optimistic than expected during the month of May, new figures showed on Friday. The University of Michigan's Consumer Sentiment Index hit 97.1 for its final reading in May. Economists expected the index to reach 97.5, according to a Thomson Reuters consensus estimate, down from a preliminary reading of 97.7. Last month, the University of Michigan's Consumer Sentiment Index hit 97, slightly below economists expectations for a reading of 98 during April, according to Reuters. "Consumer sentiment has continued to move along the high plateau established following Trump's election," the survey's ... (full story)