Consumer sentiment deteriorated slightly in the United States in May
Although the American consumer sentiment index of the Conference Board economic research institute deteriorated in May compared to the previous month, it was much less than expected.
The Conference Board’s Consumer Confidence Index fell to 102.3 points in May from the upwardly revised 103.7 points in April, but it turned out to be significantly better than the expected 99.0 points.
The indicator of the perception of the current situation, which is based on consumers’ assessment of the current business and labor market conditions, decreased to 148.6 points from 151.8 points in the previous month.
The outlook index – which is based on consumers’ short-term outlook on income, business and labor market conditions – decreased from 71.7 points to 71.5 points. The index of expectations has remained below 80 in every month except December since February 2022, which can be linked to recessionary expectations for the following year.
Related news
America uses sterile flies to protect itself against the flesh-eating parasite – Mexican animal exports have stopped again
The United States has again suspended live animal imports from…
Read more >Fitch: Global economy recovering as tariff war eases – China and US may drive growth
Fitch Ratings expects stronger-than-expected economic performance in 2025: according to…
Read more >Hungarian-American agricultural diplomacy is experiencing a golden age
Hungarian-American bilateral relations are growing stronger, whether it is politics,…
Read more >Related news
Carrefour launches its first AI-based solution in Spain
French retail chain Carrefour has chosen Spain to implement its…
Read more >Gösser Spritz display from Hungary wins two POP world titles
This year a Hungarian Gösser Spritz display – the winner…
Read more >Valeo Foods Group buys Italian panettone maker Melegatti 1894
The acquisition is the second Valeo Foods Group has announced…
Read more >