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Consumer Confidence Booms Back in May
The Price of Business Digital Network is a leader in providing thoughtful news and information on the important stories of the day. Here's the latest from a PoB Digital Network Member.

BriefingWire.com, 5/27/2020 - The Price of Business Digital Network is a leader in providing thoughtful news and information on the important stories of the day. Here's the latest from a PoB Digital Network Member

FROM USADAILYPOST.COM

USA Daily Post has received the following statement about the consumer attitudes following one of the most challenging quarters in US history. It offers greatly needed good news for an economy on the mend.:

“The Conference Board Consumer Confidence Index held steady in May, following a sharp decline in April. The Index now stands at 86.6 (1985=100), up from 85.7 in April. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – declined from 73.0 to 71.1. However, the Expectations Index – based on consumers’ short-term outlook for income, business and labor market conditions – improved from 94.3 in April to 96.9 this month.

“The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was May 14.

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