University of Michigan consumer sentiment index fell to 44.8 in May final, worse than the 48.2 estimate. Inflation expectations rose to 4.8% for one year and 3.9% for five to ten years.
The University of Michigan consumer sentiment index for May final came in at 44.8, below the estimate of 48.2 and the previous 48.2. Current conditions fell to 45.8, expectations to 44.1. One-year inflation expectations rose to 4.8% from 4.5%, and five-to-ten-year expectations rose to 3.9% from 3.4%.
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US consumer confidence fell to a record low of 44.8 in May, according to a survey.
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