US Consumer Sentiment at 48.2 in May as Inflation Expectations Ease Slightly

S. 8 in April, according to the University of Michigan survey released on or around May 2026. 5 in April.

5. Inflation expectations eased slightly alongside the overall sentiment decline. 5 percent.

U.S. consumer sentiment weakened in May while inflation expectations eased. The University of Michigan survey captured the data in early May, reflecting household views on both present finances and future economic prospects.

The decline in the current conditions index pointed to softening views of personal finances and buying conditions in the present. By contrast, the rise in the expectations index suggested households grew somewhat less pessimistic about the year ahead even as immediate sentiment deteriorated.

All components of the May survey reflected readings below 50 on the sentiment index, a threshold often associated with contractionary conditions.

The University of Michigan has tracked the index for decades, providing one of the longest-running gauges of American consumer attitudes. The modest easing in both short-term and medium-term inflation expectations occurred even as overall sentiment slid. 1 percentage point, according to the University of Michigan survey.