Summary
- The Michigan Consumer Sentiment Index remained at 52.2 in May, the fourth-lowest reading on record.
- The latest reading was higher than the 50.8 preliminary reading from earlier in the month, highlighting increased optimism during the latter half of the month.
- Sentiment had ebbed at the preliminary reading for May but turned a corner in the latter half of the month following the temporary pause on some tariffs on China goods.
By Jennifer Nash
Consumer sentiment was unchanged from April, ending four straight months of declines. The Michigan Consumer Sentiment Index remained at 52.2 in May, the fourth-lowest reading on record. The latest reading was higher than the 50.8 preliminary reading from earlier
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