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U.S. consumer sentiment strengthens in early May: UMich
May 12, 2017 / 2:24 PM / in 3 months

U.S. consumer sentiment strengthens in early May: UMich

NEW YORK (Reuters) - U.S. consumer sentiment surprisingly brightened in early May as expectations for personal finances improved on a favorable outlook for wages and low inflation, a private survey released on Friday showed.

The University of Michigan Surveys of Consumers said its preliminary May consumer sentiment index rose to 97.7, up from a final April reading of 97.0. Analysts polled by Reuters had forecast a reading of 97.0.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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