WHAT: Thomson Reuters/University of Michigan Index of Consumer Sentiment, May preliminary
WHEN: Friday 0955 EDT/1355 GMT
FORECASTS Reuters IFR Previous
Sentiment index 78.0 78.0 76.4
IFR COMMENTARY: 'The preliminary May reading of the Thomson
Reuters/University of Michigan Survey of Consumers is likely to
be modestly improved, to about 78.0 from 76.4 at the end of
April. The daily Rasmussen survey has indicated stronger
sentiment over the last couple of weeks, and the more benign
economic headlines have likely put some nerves at ease.
Gas prices appear to have stabilized after two months of
decline, though that's to be expected as we head into the summer
driving season. Equities and house prices have remained
unstoppable, which should provide a wealth effect that continues
to undergird an upward trend in sentiment.
Our expectation is that this mix of circumstances will lead
to a slight gain in the current conditions index, which is
already not far from its post-recession highs, with a more
significant recovery in expectations. At 67.8 in April, the
expectations was still 11.2 points down from its October peak.'
-- by Theodore Littleton of IFR Markets, a unit of Thomson
((--Reuters Economics and Markets desk, +1 212 646 6300))
Keywords: IFR PREVIEW/USA
(Washington newsroom, 202 898 8318)
Copyright Thomson Reuters 2013. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.