U.S. Consumer Confidence Rebounds in May After Months of Decline

FILE - Shoppers pass by large-screen televisions on display in a Costco warehouse Thursday, Dec. 19, 2024, in Colorado Springs, Colo. (AP Photo/David Zalubowski, File)

Americans� views of the economy improved in May after five straight months of declines sent consumer confidence to the lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump�s tariffs.

The Conference Board said Tuesday that its consumer confidence index rose 12.3 points in May to 98, up from April�s 85.7, its lowest reading since May 2020.

A measure of Americans� short-term expectations for their income, business conditions and the job market jumped 17.4 points to 72.8, but remained below 80, which can signal a recession ahead.

The proportion of consumers surveyed saying they think a U.S. recession is coming in the next 12 months also declined from April.

(AP)

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