Consumers More Optimistic in May Survey

Ann Arbor, MI, May 28, 2010--U.S. consumer sentiment rose in May from the prior month, according to the Reuters/University of Michigan consumer sentiment index released Friday.

The index rose to 73.6 in late May from 72.2 in April. An earlier estimate for May was 73.3.

Economists had expected a final May reading of 73.4. The long-term average is about 87.