Tuesday, September 16, 2025

Consumer Confidence Slightly Increases For Month of May

The Conference Board recently released new data regarding the consumer’s current outlook on the economy, and the results are rather surprising. As restrictions are being lifted across the US and some businesses are slowly returning to work, consumer confidence rose slightly for the month of May.

According to the Consumer Confidence Survey, the index has increased from 85.7 in April, to 86.6 in May, suggesting that economy may be faring better than expected. Regarding the short-term economic outlook for the upcoming six months, 3.5% more consumers felt optimistic about business conditions improving compared to the previous month. However, with respect to the assessment of current economic conditions, 16.3% of consumers felt business conditions are adequate, a significant drop compared to April’s rate of 19.9%.

Furthermore, consumer’s evaluation of the job market is also baring bleak results. Back in April, 18.8% of respondents felt that there was an abundance of jobs available in the market, now however, that figure has decreased to 17.4%. Even more alarming though is consumer’s outlook on short-term income prospects. The percentage of consumers anticipating an increase in income dropped from 17.2% to 14%.

Nonetheless, it appears that consumers are still not too optimistic about an economic recovery given that there could very well be a second wave of the coronavirus- thus creating a heightened level of uncertainty. Furthermore, with the Federal Reserve increasing the money supply, the US could soon enter into an inflationary period, resulting in decrease of purchasing power, thus causing consumers to save more of their income.

Information for this briefing was found via The Conference Board and CNBC. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Canadian Consumer Confidence Jumps to Record-High Amid Strong Vaccine Rollout

Consumer confidence appears to be accelerating across Canada, amid the ongoing vaccine rollout that is...

Saturday, May 22, 2021, 11:09:00 AM

US Consumer Sentiment Slumps to Decade-Low Amid Surging Inflation

US consumer sentiment fell to the lowest in over a decade in February, as Americans’...

Tuesday, February 15, 2022, 04:38:00 PM

Canadian Consumer Confidence Continues to Slide for Third Straight Week

Consumer confidence slid for a third straight week, as an increasing number of Canadians remain...

Wednesday, September 8, 2021, 04:32:00 PM

Canadian Consumer Confidence Reaches Highest Level Since Beginning of Pandemic

Following recent announcements on positive vaccine outcomes that could further advance economic recovery, consumer confidence...

Monday, December 7, 2020, 02:17:00 PM

Americans’ Confidence in the Housing Market Plummets to 10-Year Low Amid Rising Mortgage Rates

Americans are rapidly losing confidence in the country’s real estate market, as high inflation and...

Wednesday, August 10, 2022, 09:39:31 AM