May 15, 2015 / 2:11 PM / 3 years ago

U.S. consumer sentiment falls in May

NEW YORK (Reuters) - U.S. consumer sentiment fell more than expected in May, a survey released on Friday showed.

Men unload vegetables at Grand Central Market in Los Angeles, California, March 9, 2015. REUTERS/Lucy Nicholson

The University of Michigan’s preliminary May reading on the overall index on consumer sentiment was 88.6, down from the final April read of 95.9. Analysts were looking for a reading of 96.0.

The survey’s subindex on business conditions fell to 99.8 from 107.0 in April, while a reading on consumer expectations declined to 81.5 from 88.8. The median forecast of analysts polled by Reuters was for a reading of 107.0 for the conditions index and 88.6 for expectations.

Reporting by Ryan Vlastelica; Editing by Meredith Mazzilli

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