Ann Arbor, MI, May 26, 2006--Consumer sentiment fell in May, a report showed on Friday.
The University of Michigan's final May index of consumer sentiment read 79.1, down from April's final reading of 87.4, said sources who saw the subscription-only report.
The median forecast of Wall Street economists polled by Reuters was for a 79.0 reading.
The survey's index of current conditions fell to 96.1 in May from 109.2 in April, while consumer expectations fell to 68.2 from 73.4 in April.
The University of Michigan's one-year U.S. inflation expectation median rose to 4.0 percent in May versus 3.3 percent in April.
The University of Michigan's median five-year U.S. inflation expectation was 3.2 percent in May.
