United States Consumer Confidence May 2021

United States

United States: Consumer confidence ticks down marginally in May

May 25, 2021

Consumer confidence came in at 117.2 in May, down from April's 117.5. Consequently, the index remained well above the 100-threshold, indicating healthy optimism among consumers.

The slight decrease came on the back of a notable fall in consumers’ short-term outlook for income, business and labor market conditions. That said, consumers’ assessment of current labor market and economic conditions improved, capping the overall dip in confidence levels.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 7.1% in 2021, which is up 0.6 percentage points from last month’s forecast, and growth of 4.2% in 2022.

Author:, Economist

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United States Consumer Confidence Chart

United States Consumer Confidence May 2021

Note: Consumer Confidence Index.
Source: The Conference Board.

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