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.
Author: Steven Burke, Economist