Financial News: U.S. Consumer Confidence Rebounds Much More Than Expected

U.S. Consumer Confidence Rebounds Much More Than Expected In May

05/27/2025 - 10:17:00 (RTTNews)

(RTTNews) - A report released by the Conference Board on Tuesday showed a substantial improvement by U.S. consumer confidence in the month of May.

The Conference Board said its consumer confidence index spiked to 98.0 in May after plunging to a downwardly revised 85.7 in April.

Economists had expected the consumer confidence index to inch up to 87.3 from the 86.0 originally reported for the previous month.

"The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards," said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board.

She added, "Consumers were less pessimistic about business conditions and job availability over the next six months and regained optimism about future income prospects."

The sharp increase by the headline index came as the expectations index, which is based on consumers' short-term outlook for income, business, and labor market conditions, soared to 72.8 in May from 55.4 in April.

The present situation index, which is based on consumers' assessment of current business and labor market conditions, also jumped to 135.9 in May from 131.1 in April.

"May's rebound in confidence was broad-based across all age groups and all income groups," said Guichard. "It was also shared across all political affiliations, with the strongest improvements among Republicans."

She continued, "However, on a six-month moving average basis, confidence in all age and income groups was still down due to previous monthly declines."

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Japan Producer Prices Ease To 3.2% On Year In June (15 min(s), 03 sec(s) ago)
(RTTNews) - Producer prices in Japan were up 3.2 percent on year in June, the Bank of Japan said o ...Full Story»

Tokyo Inflation Slows To 2.9% Annually In July (41 min(s), 03 sec(s) ago)
(RTTNews) - Overall consumer prices in the Tokyo region of Japan were up 2.9 percent on year in Ju ...Full Story»

Japan Inflation Data Due On Friday (02 hr(s), 21 min(s), 03 sec(s) ago)
(RTTNews) - Japan will on Friday release July figures for Tokyo inflation, highlighting a light da ...Full Story»

Turkish Central Bank Slashes Interest Rate To 43% (03 hr(s), 03 min(s), 03 sec(s) ago)
(RTTNews) - Turkey's central bank lowered interest rates more than expected on Thursday in a b ...Full Story»

U.S. New Home Sales Rebound Much Less Than Expected In June (09 hr(s), 02 min(s), 03 sec(s) ago)
(RTTNews) - After reporting a steep drop by new home sales in the U.S. in the previous month, the ...Full Story»

Treasury Announces Details Of Two-Year, Five-Year & Seven-Year Note Auctions (09 hr(s), 01 min(s), 03 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday announced the details of this month's auctions ...Full Story»

U.S. Initial Jobless Claims Unexpectedly Dip To 217,000 (09 hr(s), 44 min(s), 03 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday unexpectedly showing another modest ...Full Story»

ECB Leaves Rates Unchanged As Expected (10 hr(s), 28 min(s), 03 sec(s) ago)
(RTTNews) - The European Central Bank held its key interest rates steady on Thursday, in line with ...Full Story»