University of Michigan Consumer Sentiment for May Consumer Sentiment Index 58.4 vs. 59.1 estimate (and preliminary). expectations index 55.2 vs. 56.3 preliminary current conditions index 63.3 vs. 63.6 preliminary 1-year inflation 5.3% vs. 5.4% preliminary 5-year inflation 3.0% vs. 3.0% preliminary (4th consecutive month at 3.0%) The sentiment index is the lowest since 2011. The expectations index is still above the low of the year from March at 54.3. The low for the year was the lowest expected since October 2011 (see chart below). University of Michigan Expectation Index
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