US May consumer confidence 134.1 vs 130.0 expected
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WASHINGTON: Consumer confidence jumped in May as households. to a reading of 134.1 this month, climbing up to levels seen last fall when the index was hovering near 18-year highs. Economists had.
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· However, consumer confidence index skyrocketed in May to 134.1, its highest level since November 2018. More importantly, the Expectations Index, which is a measure of the consumers’ short-term (for next six months) outlook for income, business and labor market conditions, surged to 106.6 from 102.7 in April.
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Consumer Sentiment: The preliminary May reading was revised from 102.4 to the Final May reading of 100.0, still a nice number. Consumer Confidence: Whoa..this is a great reading. The May Consumer Confidence report jumped to a reading of 134.1 which beat out estimates of 129.9 and hit the highest level since 2000.
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WASHINGTON, May 28 (Reuters) – consumer confidence. reading of 134.1 this month, climbing up to levels seen last November when the index was hovering near 18-year highs. economists polled by.
Strong Consumer Confidence in May For May 2019, the Conference Board’s measure of consumer confidence index stands at 134.1 compared with. primarily in the United States. The stock carries a VGM.
The minutes noted discussion of the forward-looking language in the statement. For years FOMC statements have said that the “federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run,”
· April consumer spending rose a bit more modest than expected at 0.3%. Case-Shiller HPI (3m average) showed home prices flattening out more than expected in March, at only a 0.1 percent increase.. May consumer confidence beat expectations and improved to 134.1, its best showing since November last year and in line with the mid-month jump.
U.S., May 18, 2018. REUTERS/Mike Segar Reuters (Reuters) – U.S. June consumer confidence fell more than expected, hitting its lowest level since September 2017, according to a private sector report.
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· However, labor data is still solid and May consumer confidence was better than expected, leading to a “Goldilocks” U.S. growth environment – not too hot, not too cold – that is typically supportive of IG bond performance. Despite this backdrop, IG spreads widened, mainly due to tariff announcements over the month.