USA-Deterioration in household morale in May-Michigan

WASHINGTON, May 13 (Archyde.com) – US household sentiment fell more than expected in May, final results from the University of Michigan’s monthly survey showed on Friday.

Its confidence index fell to 59.1 from 65.2 in April, while economists and analysts polled by Archyde.com on average forecast a drop to 64.0.

The consumer judgment component on their current situation fell to 63.6 from 69.4 the previous month, and the outlook component fell to 56.3 from 62.5.

(Written by Laetitia Volga, said by Sophie Louet)