US CB Consumer Confidence Index rose to 98.0 in May
Source Fxstreet
- US CB Consumer Confidence Index rebounds in May.
- The US Dollar Index clings to daily gains around the 99.40 region.
In May, US consumer morale rebounded, with the Conference Board's Consumer Confidence Index rising to 98.0 from 86.0 (revised from 85.7), reveresing the previous drop.
Consumer mood strengthened in May, as opinions on current business and labour market circumstances shifted. The Present Situation Index increased by 4.8 points to 135.9. More significantly, the Expectations Index, which measures short-term expectations for income, economic activity, and employment, gained 17.4 points to 72.8, still remaining below the 80-point level usually associated with recession fears
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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