US consumer confidence rises in May after three months of declines

2025-04-20 06:36:03 source: category:Finance

WASHINGTON (AP) — Consumer confidence in the U.S. rose in May following three straight months of declines, but Americans remain anxious about inflation and interest rates.

The Conference Board, a business research group, said Tuesday that its consumer confidence index rose in May to 102 from 97.5 in April. Analysts were expecting the index to decline again.

The index measures both Americans’ assessment of current economic conditions and their outlook for the next six months.

The measure of Americans’ short-term expectations for income, business and the job market climbed to 74.6 this month from a dismal 68.8 in April. A reading under 80 can signal a potential recession in the near future.

Consumers’ view of current conditions rose to 143.1 in May from 140.6 in April.

More:Finance

Recommend

Daughter of Utah death row inmate navigates complicated dance of grief and healing before execution

SALT LAKE CITY (AP) — Tressa Honie is caught between anger and grief in the lead-up to Utah’s first

Inflation defined: What is it, what causes it, and what is hyperinflation?

Inflationary headwinds have clouded economic forecasts as a new report brings mixed news.The latest

Horoscopes Today, March 4, 2024

Here are the horoscopes for today, Monday, March 4, 2024.For full daily and monthly horoscopes as we