05/28/2025

U.S. Consumer Confidence Rebounds after Five Straight Months of Declines

Consumer anxiety was tied to tariff uncertainties

Americans' economic views improved in May after five straight months of declines sent consumer confidence to its lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump's tariffs.

The Conference Board said Tuesday that its consumer confidence index rose 12.3 points in May to 98, up from April's 85.7, its lowest reading since May 2020.

A measure of Americans' short-term expectations for their income, business conditions and the job market jumped 17.4 points to 72.8, but remained below 80, which can signal a recession ahead.

Please select this link to read the complete article from The Associated Press.