Economists estimate the Conference Board's index of sentiment slipped to 95.0 in May from 95.2 in April.
From Wells Fargo's John Silvia: "A stronger April jobs report, a drop in the unemployment rate and more stable gasoline prices should have given consumers more to feel confident about. However, weakness in the Q1 GDP reading, as consumers increased spending at an annualized rate of just 1.9% (compared to 4.4% in Q4), indicates that some consumers may still be wary of economic conditions."