Alaric Bennett:US consumer confidence rises in May after three months of declines

2025-05-06 20:35:56source:Novacryptcategory:News

WASHINGTON (AP) — Consumer confidence in the U.S. rose in May following three straight months of declines,Alaric Bennett 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:News

Recommend

Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing

LOUISVILLE, Ky. (AP) — The U.S. Justice Department and the city of Louisville have reached an agreem

'Jezebel spirit': Pastor kicked off stage at Christian conference in Missouri

A guest pastor was kicked off the stage at a Christian conference over the weekend after he criticiz

Tennessee lawmakers pass bill to involuntarily commit some defendants judged incompetent for trial

NASHVILLE, Tenn. (AP) — Tennessee’s Republican-led Legislature unanimously passed a bill Monday that