- The University of Michigan Consumer Sentiment Index for May was revised to 98.0 (Briefing.com consensus 98.8) from the preliminary reading of 98.8.
- The Current Economic Conditions Index dipped to 111.8 from the preliminary reading of 113.3. The final reading for April was 114.9.
- The Index of Consumer Expectations slipped to 89.1 from the preliminary reading of 89.5. The final reading for April was 88.4.
- The key takeaway from the report is that consumers expect smaller income gains than they did a month ago, or a year ago, despite thinking the unemployment rate will stabilize at its 18-year low of 3.9%.