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Thursday, May 23, 2024
HomeNewsEconomyPreliminary Consumer Sentiment Ticks Higher in May

Preliminary Consumer Sentiment Ticks Higher in May

A young woman consumer wearing a disposable medical mask while shopping at the supermarket during the Chinese Coronavirus (COVID-19) outbreak. (Photo: AdobeStock)

Ann Arbor, Mich. (PPD) — The Survey of Consumers preliminary reading on consumer sentiment ticked higher in May to 73.7, beating the consensus forecast.

Index of Consumer Sentiment73.771.889.197.2-19.4%-26.1%
Current Economic Conditions83.074.3103.7112.3-28.4%-33.8%
Index of Consumer Expectations67.770.179.787.4-1

Forecasts ranged from a low of 60.0 to a high of 75.7. The consensus forecast was 66.0.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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