US Consumer Confidence Index Rebounds in May, Expectations Improve but Recession Warnings Persist
Show original
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)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Analysis: Bitcoin Poised to Reach $125,000 Based on Short-Term Holder Cost Basis
金色财经•2025/07/31 08:30
U.S. Spot Ethereum ETFs Saw Net Inflow of $6.22 Million Yesterday
金色财经•2025/07/31 08:24
Solana Ecosystem Advisor Nikita Bier Joins X as Head of Product
金色财经•2025/07/01 00:06
Data: Bitcoin rose 31.41% in the second quarter
Bitget•2025/06/30 06:33
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$112,927.73
-1.41%

Ethereum
ETH
$4,269.97
-1.29%

XRP
XRP
$2.86
-2.82%

Tether USDt
USDT
$0.9997
-0.03%

BNB
BNB
$847.8
-3.49%

Solana
SOL
$182.29
-3.48%

USDC
USDC
$1
+0.03%

TRON
TRX
$0.3552
+0.07%

Dogecoin
DOGE
$0.2168
-2.78%

Cardano
ADA
$0.8541
-3.72%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now