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US Consumer Confidence Index Rebounds in May, Expectations Improve but Recession Warnings Persist

US Consumer Confidence Index Rebounds in May, Expectations Improve but Recession Warnings Persist

Odaily星球日报Odaily星球日报2025/05/27 14:18
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Odaily Planet Daily News: The U.S. Conference Board Consumer Confidence Index rose to 135.9 in May. The expectations index, based on consumers' short-term outlook for income, business, and labor market conditions, surged 17.4 points to 72.8, but remains below the threshold of 80, which typically signals an impending economic recession. Stephanie Guichard, Senior Economist for Global Indicators at The Conference Board, stated: "Consumer confidence improved in May after five consecutive months of decline. This rebound showed signs before the U.S.-China trade agreement was reached on May 12, and the momentum has strengthened since then. The monthly improvement was mainly driven by consumer expectations, as all three components of the expectations index—business conditions, employment prospects, and future income—rebounded from April's lows. Consumers' pessimism about business conditions and job opportunities over the next six months has eased, and they have regained optimism about future income prospects. Consumers' assessment of the current situation has also improved." Guichard added: "As the stock market continued to recover in May, consumers' outlook on stock prices improved, with 44% of consumers expecting stock prices to rise over the next 12 months (up from 37.6% in April), and 37.7% expecting stock prices to fall (down from 47.2% in April)." (Jin10)
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