“Consumer confidence declined in May as consumers’ view of current conditions became somewhat less upbeat while their expectations remained gloomy,” said Ataman Ozyildirim, Senior Director, Economics at The Conference Board. The Expectations Index has now remained below 80-the level associated with a recession within the next year-every month since February 2022, with the exception of a brief uptick in December 2022. The Expectations Index-based on consumers’ short-term outlook for income, business, and labor market conditions-decreased slightly to 71.5 (1985=100) from 71.7. The Present Situation Index-based on consumers’ assessment of current business and labor market conditions-decreased to 148.6 (1985=100) from 151.8 last month. The Conference Board Consumer Confidence Index® fell in May to 102.3 (1985=100), down from an upwardly revised 103.7 in April. Updated: Tuesday, US Consumer Confidence Slipped in May Data are available by age, income, 9 regions, and top 8 states. This monthly report details consumer attitudes, buying intentions, vacation plans, and consumer expectations for inflation, stock prices, and interest rates. The Consumer Confidence Survey® reflects prevailing business conditions and likely developments for the months ahead. Human Capital Benchmarking & Data Analytics.
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