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U.S. May Consumer Confidence Falls to 93.1, Beating Estimate

The Conference Board (U.S. business research group) reading declined from 93.8 in the prior month but came in above the 91.9 estimate.

Summary

U.S. consumer confidence for May fell to 93.1 from a previous 93.8, according to the source. The reading was still above the 91.9 estimate, indicating sentiment weakened on a monthly basis but was stronger than economists had expected.

Terms & Concepts
  • Consumer confidence: A measure of how optimistic households are about the economy and their financial outlook, often used to gauge spending trends.