Consumer sentiment rose to its highest level since the recession in May, despite a tough month on Wall Street and worsening conditions in Europe.
The Thomson Reuters/University of Michigan index climbed to 79.3 in its final May reading, up from a midmonth tally of 77.8 and April’s score of 76.4.
May’s consumer sentiment index beat out February 2011’s score of 77.5, the previous post-recession high in a month-end reading. It also topped analysts’ expectation of 77.8 according to Econoday.
Read the full article: Consumer sentiment reaches post-recession high | HousingWire.