May 16, 2016
Early Data from the Index of Consumer Sentiment Shows Shift Towards Spendings
The May Index of Consumer Sentiment was released and is at its highest level since June of 2015. Richard Curtin said in a statement, “”To be sure, the data still indicated the negative impact of uncertainty about future economic policies associated with the Presidential election, but its overall impact was overwhelmed by favorable economic developments.” Here is a small sample of the news coverage:
- NBC: Retail Sales Post 1.3 Percent Gain as Consumer Confidence Soars
- Bloomberg: Consumer Sentiment in U.S. Jumps to Highest Level in a Year
- CNBC: Consumer Sentiment Hits 95.8 in May vs. 90 Estimate
- Wall Street Journal: U.S. Consumer Confidence Rebounds in May
- Nasdaq: U.S. Consumer Sentiment Jumps More than Expected in May
- EconomyWatch: Retail Sales Rebound Hints at Improving U.S. Economy