Consumer Sentiment climbed to 97.7

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Friday, May 12 2017

Consumer Sentiment climbed to 97.7

Consumer sentiment climbed to 97.7 in mid-May, riding the so-called Trump bump a little longer, The University of Michigan said on Friday. Economists were expecting The University of Michigan's Consumer Sentiment Index to see a smaller preliminary reading of 97, according to Thomson Reuters consensus estimates.

"Consumer sentiment remained on the high plateau established following Trump's election, with the early May figure nearly identical with the December to May average of 97.4," Richard Curtin, a chief economist of the group, wrote in a statement. The University of Michigan's Consumer Sentiment Index finished April with a reading of 97, up from 89 for the same month a year ago.

More in this category: « US Retail Sales rose by 0.4% USD - Major events in the week ahead »

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