Consumer Confidence Hits New Low

The Consumer Confidence Index plummeted again in May to a reading of 57.2. This marks the index’s fifth straight month of decline and a 16-year low. Lynn Franco, director of The Conference Board Consumer Research Center, attributed the ongoing slump to “weakening business and job conditions coupled with growing pessimism about the short-term future.”

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88.6   87.3   75.0   64.5   62.3   57.2
Dec.   Jan.   Feb.   Mar.   Apr.   May

SOURCE: The Conference Board