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Consumer sentiment hits 95.8 in May vs. 90 estimate

Consumers were feeling more optimistic this month, as expectations for future growth hit highs for the year, according to preliminary data released Friday.

The Index of Consumer Sentiment hit 95.8 in May, the University of Michigan said Friday, its highest level since June 2015. Economists expected the index to hit 90 for May, up slightly from 89 in April.

The monthly survey of 500 consumers measures attitudes toward topics like personal finances, inflation, unemployment, government policies and interest rates. The index of consumer expectations hit 87.5 in the preliminary report, up from 77.6 in April...


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