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May US consumer confidence 92.6 vs 96.3 expected

Consumer confidence data from The Conference Board:

  • Lowest since Nov 2015
  • Prior was 94.2
  • Present situation 112.9 vs 117.1 prior
  • Expectations 79.0 vs 79.7 prior
  • Jobs hard-to-get 24.4 vs 22.8 prior
  • 1-year inflation expectations 4.9% vs 4.8% prior

Soft number and it flies directly in the face of the strong preliminary estimate in the U Mich survey. The inflation expectations numbers in the two surveys also moved in opposite directions.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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