Consumer Sentiment, according to the UoM, stood at 52.2 in May, unchanged from April, after falling for four consecutive months. The Current Conditions Index fell to 58.9 from 59.8 in the same period, while the Consumers Expectations Index ticked modestly higher to 47.9 from 47.3.

U.S. consumer sentiment improved for the first time in six months in June as trade tensions between the U.S. and China eased, but households worried about the economy's trajectory.

Economists polled by the Wall Street Journal had expected sentiment to rise to 54 from the month-earlier reading of 52.2.