Consumer Sentiment: Increases Moderately
May 13, 2016
Bottom Line: Consumer sentiment climbed moderately in early May and was at its highest level since June 2015. Sentiment is now modestly above its 6 month average. This month's print puts sentiment back near the high of the last year but the general trend of improvement has stalled. Consumer Sentiment ROSE by 6.8 points in early May to 95.8%, compared with market expectations for an increase to 89.5%. With this month's moderate increase, sentiment is now 5.6% ABOVE its year ago level. Sentiment has been rising since August 2011 amid substantial volatility. Current Conditions ROSE by 1.9 points to 108.6%. This is also 7.7% ABOVE their year ago level. Current conditions has been climbing erratically for the past 4 years. Consumer Expectations ROSE by 9.9 points to 87.5%. Expectations has been climbing slowly amid substantial volatility over the past 4 years. With this month's sharp increase, expectations are now 3.9% ABOVE its year ago level.
Article by contingentmacro