- U.S. consumer sentiment index raise more than forecast in early May
Notícias do Mercado
U.S. consumer sentiment index raise more than forecast in early May
A report from
the University of Michigan revealed on Friday the preliminary reading for the
Reuters/Michigan index of consumer sentiment climbed to 102.4 in early May. That
was the highest reading since January 2004.
Economists had
expected the index would increase to 97.5 this month from April’s final reading
of 97.2.
According to
the report, the index of current U.S. economic conditions edged up to 112.4 in May
from 112.3 in the previous month. Meanwhile, the index of consumer expectations
surged from 87.4 in April to 96.0 this month, its highest level since 2004.
The report noted
that consumers viewed prospects for the overall economy much more favorably,
but added that the gains were recorded mostly before the trade negotiations
with China collapsed and China responded with their own tariffs.
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer