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UMich index revised down for May

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(CercleFinance.com) – US consumer confidence deteriorated in May, according to the University of Michigan (UMich) index, which ultimately stands at 58.4 for the month that is ending, revised from a preliminary estimate of 59.1, and after 65.2 in April.

This month-on-month contraction, stronger than initially estimated, was driven by both the current situation component and the consumer expectations component, both down to 63.3 and 55 respectively. ,2.

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