WASHINGTON (Reuters) – U.S. household sentiment fell in May from April, less sharply than initially estimated, final results from the University’s monthly survey showed on Friday. from Michigan.
Its confidence index fell to 59.2 after 63.5 in April. Economists and analysts polled by Reuters on average expected a figure of 57.7, as in the first estimate.
The component of consumers’ judgment of their current situation fell to 64.9, after 68.2 the previous month.
That of the outlook fell to 55.4 from 60.5.
One-year inflation expectations fell to 4.2% from 4.6% previously, but those over a five-year horizon rose from 3.0% to 3.1%.
(Written by Laetitia Volga, edited by Blandine Hénault)
©2023 Thomson Reuters, all rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. “Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.