U.S. consumer sentiment in the month of May improved by more than previously estimated, according to a report released by Reuters and the University of Michigan on Friday, with the consumer sentiment index upwardly revised to a new multi-year high.
The report showed that the consumer sentiment index for May was upwardly revised to 79.3 from the mid-month reading of 77.8. The upward revision surprised economists, who had expected the index to come in unchanged.
by RTT Staff Writer
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