Consumer sentiment below expectations in final May read

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.

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The Institute for Social Research, which releases the consumer sentiment report, on the campus of the University of Michigan in Ann Arbor, Michigan is seen on March 16, 2004. The University of Michigan said the FBI and college officials are investigating ``the unauthorized access and public release'' of its February consumer sentiment report. The index was published by the Market News International news service before being released to subscribers on Feb. 13, Richard Curtin, director of the university's Institute for Social Research, which compiles the index, said in an interview. Photographer: Brett Mountain/ Bloomberg News. Photo: BRETT MOUNTAIN)

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.

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Economic indicators Consumer sentiment index
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