Conference Board Confidence Index down in May; holding up better than UoM gauge

31 May 2022

 

Summary: Conference Board Consumer Confidence Index deteriorates in May, higher than consensus expectations; views of present conditions, short-term outlook deteriorate; Present Situation Index at strong level, suggests growth in Q2; Conference Board measure holding up better than UoM gauge. After the GFC in 2008/09, US consumer confidence clawed its way back to neutral over a number of years and then went from strength to strength until late 2018. Measures of...

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