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U.S. Consumer Sentiment Rises in May

The U.S. consumer sentiment index for May was 102.4, rising 5.3% from April, according to the University of Michigan’s Survey of Consumers. Year-over-year sentiment was 4.5% higher in May. The index measuring current economic conditions increased 0.1% from April to 112.4 and 0.5% from May 2018. Consumer expectations jumped 9.8% from April to 96.0 and 7.7% year-over-year. The economic outlook for the near and longer term were at the highest levels since 2004. See University of Michigan

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