Consumer Sentiment Strong In May

The consumer sentiment index proved very strong in May, out performing by far other readings on consumer confidence. The sentiment index jumped 5.7 points during month to 94.7 for the best result since June last year and among the very strongest of the whole recovery. Gains in sentiment ultimately reflect confidence in the jobs market. Forecasters, despite the weakness of the May employment report, see the June flash coming in little changed at 94.5.