U.S. consumer sentiment has slumped so far this month, according to the Thomson Reuters/University of Michigan preliminary consumer sentiment index for May that was released Friday.
The overall sentiment reading decreased to 81.8 as of mid-May from 84.1 at the end of April, according to news reports.
Expectations had been for the reading to come in at 84.5 to 85.0.
via Kitco
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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