May Consumer Sentiment Beats Expectations

spending, shopping


Headline: 72.4Consensus: 70.0

Analysis: University of Michigan consumer sentiment came in pretty much in line with expectations in April, a month after its sharp gas price dive.

This month’s number comes in better than expected, but we’re still not back to February’s high. It’s likely gas prices are still having an impact on the consumer outlook.

Don’t miss: Whitney Tilson on our period of “unusual uncertainty” >