UM consumer sentiment index drops in May

CHICAGO, May 27 (Xinhua) -- The Consumer Sentiment Index released Friday by the University of Michigan (UM) Surveys of Consumers fell to 58.4 in the May 2022 survey, down from 65.2 in April and below last May's 82.9.

The Expectations Index fell to 63.3, down from 69.4 in April and below last May's 89.4. The Current Conditions Index fell to 55.2, down from 62.5 in April and below last May's 78.8.