UoM confidence index continues downtrend in May

13 May 2022

 

Summary: University of Michigan consumer confidence index softens in May, below consensus expectations; views of present conditions, future conditions both deteriorate; declines across all demographic groups. US consumer confidence started 2020 at an elevated level but, after a few months, surveys began to reflect a growing unease with the global spread of COVID-19 and its reach into the US. Household confidence plunged in April 2020 and then recovered in a...

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