Author Topic: US Consumer Sentiment Jumps to 15-Year High  (Read 10795 times)

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Offline Ptarmigan

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US Consumer Sentiment Jumps to 15-Year High
« on: May 18, 2019, 10:22:31 PM »
US Consumer Sentiment Jumps to 15-Year High

WASHINGTON—U.S. consumer sentiment jumped to a 15-year high in early May amid growing confidence over the economy’s outlook, but much of the surge was recorded before an escalation in the trade dispute between the United States and China, which could hurt activity.

The University of Michigan said its consumer sentiment index increased 5.3% to 102.4, the highest reading since 2004. Economists polled by Reuters had forecast a reading of 97.5.

President Donald Trump last week raised tariffs on $200 billion worth of Chinese goods to 25% from 10%. China retaliated on Monday with higher tariffs on a revised list of $60 billion worth of U.S. products.

American Consumer Sentiment highest since 2004. Bad news for the left.
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