(CercleFinance.com) – US consumer confidence deteriorated in May, according to the University of Michigan (UMich) index, which ultimately stands at 58.4 for the month that is ending, revised from a preliminary estimate of 59.1, and after 65.2 in April.
This month-on-month contraction, stronger than initially estimated, was driven by both the current situation component and the consumer expectations component, both down to 63.3 and 55 respectively. ,2.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
–
