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Consumer Sentiment Hits High For The Year. Is Franchising Feeling the Effects?

Preliminary data released on Friday shows optimism

By Nick Powills1851 Franchise Publisher
SPONSORED 9:09AM • 05/16/16
The University of Michigan said on Friday that consumers are feeling more optimistic this month according to The Index of Consumer Sentiment, which hit 95.8 in May.

The monthly survey of 500 consumers measures outlook on a wide range of subjects including personal finances, inflation, unemployment, government policies and interest rates.

In a CNBC story, Richard Curtin, a chief economist of the survey, said the results demonstrate that an improved jobs outlook and expectations of lower inflation are offsetting the doubt surrounding the November elections.

"To be sure, the data still indicated the negative impact of uncertainty about future economic policies associated with the presidential election, but its overall impact was overwhelmed by favorable economic developments," Curtin said in a statement.

To read the original CNBC story, click here.

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