Daily News 5/15/2015

May 15, 2015

Friday – May 15

U.S. economic data continues to stream in with mixed numbers, despite five years into a post recession period. The May Consumer Sentiment Index fell to 88.6 for the first of two readings this month and fell by the most in more than two years. Expectations were calling for a number of 96.0. A spokesman from the index said that the “decline was widespread among all age and income subgroups as well as all regions of the country.” Consumer Sentiment measures the overall health of the economy as determined by consumer opinion.

Manufacturing data from the New York State region came in weaker than expected in May though still improved slightly for New York manufacturers. The Empire State Index came in at 3.1, below the 4.5 that was expected. Within the report it showed that the employment component had a slight increase, while the future employment index fell by six points. The future general business conditions fell noticeably.