Updated: 30-May-17 10:46 ET
| May Consumer Confidence |
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| Updated: 30-May-17 10:46 ET |
Highlights
- The Conference Board's Consumer Confidence Index slipped to 117.9 in May (Briefing.com consensus 119.5) from a downwardly revised 119.4 (from 120.3) in April.
Key Factors
- Despite the dip in May, the consumer confidence reading remains close to a 10-year high
- The Expectations Index declined from 105.4 in April to 102.6 in May
- The Present Situation Index rose slightly from 140.3 in April to 140.7 in May
Big Picture
- The key takeaway from the report is that a downshift in consumers' view of the short-term outlook triggered the lower overall reading for April.
| Category | MAY | APR | MAR | FEB | JAN |
| Conference Board | 117.9 | 119.4 | 124.9 | 116.1 | 111.6 |
| Expectations | 102.6 | 105.4 | 112.3 | 103.9 | 99.3 |
| Present Situation | 140.7 | 140.3 | 143.9 | 134.4 | 130.0 |
| Employment ('plentiful' less 'hard to get') | 11.7 | 10.9 | 12.8 | 7.0 | 6.0 |
| 1 yr inflation expectations | 4.7% | 4.7% | 4.7% | 4.8% | 4.9% |