May Conf. Board confidence index falls; presents “bearish picture”

30 May 2023

 

Summary: Conference Board Consumer Confidence Index falls in May, reading more than expected; notable worsening in outlook among older consumers; NAB: report details reveal bearish picture; views of present conditions, short-term outlook deteriorate. US consumer confidence clawed its way back to neutral over the five years after the GFC in 2008/2009 and then went from strength to strength until late 2018. Measures of consumer confidence then oscillated within a relatively...

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