US Consumer Sentiment Falls to Record Low as Inflation Expectations Ease
US consumer sentiment fell to a fresh record low in May, with the University of Michigan survey showing the index at 48.2 versus 49.5 expected and 49.8 in April, amid concerns about inflation's impact on personal finances and buying conditions.
The current conditions index dropped to 47.8 from 52.5, while the expectations index edged up to 48.5. Inflation expectations eased slightly, with the one-year outlook falling to 4.5% from 4.7% and the five-year outlook slipping to 3.4% from 3.5%.
From the sources (7 posts)
@deitaoneUS CONSUMER SENTIMENT WEAKENS AS INFLATION EXPECTATIONS EASE US consumer sentiment fell to 48.2 in May, below expectations of 49.5 and down from 49.8 in April, according to the University of Michigan survey. The current conditions index d
@zerohedgeUMarxist hits new record low Consumer sentiment 48.2, Exp. 49.5, Last 49.8 1Yr inflation exp 4.5%, Exp. 4.8% 5-10Yr inflation exp 3.4%, Exp. 3.5%
@wallstengineU.Mich Consumer sentiment 48.2, Est. 49.5 🇺🇸 1Yr inflation exp 4.5%, Est. 4.8% 🇺🇸 5-10Yr inflation exp 3.4%, Est. 3.5%
@hedgeyeU.S. Consumer sentiment falls to 48.2, the second lowest reading on record
@financialjuice⚠️ BREAKING: University Michigan Sentiment Prelim Actual 48.2 (Forecast 49.5, Previous 49.8)
@firstsquawkU.S MICHIGAN CONSUMER SENTIMENT (MAY) ACTUAL: 48.2 VS 49.8 PREVIOUS; EST 49.5
@businessUS consumer sentiment fell to a fresh record low on concerns about the impact of inflation on personal finances and buying conditions