The University of Michigan's final May consumer sentiment index reading was 98.0, compared to the preliminary May 98.8 and the final April 98.8, according to market sources.

The Institute for Social Research at the University of Michigan, which releases the consumer sentiment report.
The Institute for Social Research at the University of Michigan, which releases the consumer sentiment report. Bloomberg News

The expectations index was 89.1 compared to the preliminary May 89.5 and the final April 88.4.

The current conditions index was 111.8, compared to the preliminary May 113.3 and the final April 114.9.

Economists polled by IFR Markets had predicted a 98.8 reading for the main index.

The five-year inflation expectation index was 2.5%, compared to 2.5% in April, while the one-year inflation expectation index was 2.8%, compared to 2.7% in April.

The University of Michigan index is not released to the press, but only to paying subscribers.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.