University of Michigan reports decline in U.S. consumer sentiment for May
Friday, 10 May 2024, 14:04
University of Michigan's Latest Report on U.S. Consumer Sentiment
The University of Michigan recently released its preliminary May reading on U.S. consumer sentiment, showing a significant decline from the prior month. The gauge fell to 67.4 from 77.2, pointing towards a negative sentiment trend among consumers.
Key Points:
- University of Michigan Report: Consumer sentiment index at 67.4
- Prior Month's Reading: Sentiment index was 77.2
- Consumer Mood Change: Indicates a souring mood among U.S. consumers
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