Summary

• The final May reading for the University of Michigan Consumer Sentiment Index came in at 44.8, marking a 5-point drop from April and falling well below the month's preliminary estimate of 48.2.
• Current Economic Conditions (CECI) fell for a third straight month to 45.8, its lowest level on record.
• Consumer Expectations (CEI) fell for a fourth straight month to 44.1, its lowest level on record.

By Jennifer Nash

Consumer sentiment sank for a third straight month to another record low amid intense cost of living concerns and stubbornly high prices. The final May reading for the University of Michigan Consumer Sentiment

6.65K Followers