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UM Consumer Sentiment Ticks Up Mid-May But Expectations Still Falling

Written by The Ashton Report

After an historical decline in April, the University of Michigan’s Consumer Sentiment Index improved slightly in the mid-month reading, up to 73.7 from 71.8 per the final April reading. The research group Senior Economic Richard Curtin said the CARES Act relief checks and expanded unemployment insurance payments have begun to boost consumer finances. But the…

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