May 26, 2017 / 2:20 PM / 7 months ago

U.S. consumer sentiment softens in late May: UMich

NEW YORK (Reuters) - U.S. consumer sentiment weakened more than expected in late May from earlier in the month as an improved outlook on personal finances faded, but consumers’ mood was little changed from the end of April, a private survey released on Friday showed.

People walk with shopping bags in Manhattan, New York City, U.S. December 27, 2016. REUTERS/Andrew Kelly

The University of Michigan Surveys of Consumers said its preliminary May consumer sentiment index was 97.1, down from 97.7 in early May but little changed from a final April reading of 97.0. Analysts polled by Reuters had forecast a reading of 97.5.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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