May 27
The Conference Board’s consumer confidence index for
May fell more than expected to 57.2 in Tuesday’s report, led by a 5.5-
point decline in the present situation component.
The previous month’s reading of 62.3 was revised upwards to 62.8. The
three-month average for consumer confidence is now at 62.0, down from
68.4 last month. One year ago, the index stood at 108.5.
Following some bounce-back in the previous month…