Confidence Boom?

The early read on the Thomson Reuters/University of Michigan Consumer Sentiment index jumped to 83.7 in May, up from 76.4 in April.  Just a quick reminder before we get too excited – sentiment has tended to be low relative to actual spending.  May’s sentiment bounce just returns us to trend:

(click to enlarge)

(click to enlarge)

Better than collapsing confidence, but by itself not pointing to an imminent acceleration in consumer spending.

About Tim Duy 348 Articles

Tim Duy is the Director of Undergraduate Studies of the Department of Economics at the University of Oregon and the Director of the Oregon Economic Forum.

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