CB consumer confidence index drops to 117.2 in May from 119.2 expected

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  • The CB consumer confidence index fell modestly in May.
  • The US Dollar DXY Index remains relatively quiet below the 90.00 level after the data.

Consumer confidence in the US weakened modestly in May with the Conference Board’s consumer confidence index falling to 117.2 points from 117.5 in April. (revised from 121.7). This reading was worse than the Reuters estimate of 119.2.

Additional details from the post showed that the current situation index improved to 144.3 from 131.9 and the consumer expectations index fell to 99.1 from 107.9. Finally, expectations for the one-year consumer inflation rate increased to 6.5% from 6.2% seen in April.

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