UoM Consumer Sentiment: May figure nearly identical with the December to May average of 97.4

According to the University of Michigan Survey of Consumers, consumer sentiment remained on the high plateau established following Trump's election, with the early May figure nearly identical with the December to May average of 97.4.

Key quotes:

• The recent stability in consumer sentiment, however, masks two important underlying shifts in the components as well as in the partisan divide. More favorable income gains and low inflation meant that consumers held the most favorable real income expectations in a dozen years
• Personal consumption expenditures are expected to advance at about a 2.3% pace in 2017.