The Conference Board reports that consumer confidence jumped in May, rising to 98.0 after five months of decline, boosted by improved outlooks on jobs, income, and business conditions. The May 12 pause on some China tariffs helped lift sentiment. Consumers were more optimistic about spending, stock prices, and their financial future, though concerns about affordability and inflation remained high. The White House writes:
As President Donald J. Trump tames inflation, lowers gas prices, equalizes trade, and secures historic investments, Americans are feeling the results of the new Golden Age.
- Consumer confidence surged in May with the biggest monthly jump in four years, according to the Consumer Confidence Index — far surpassing economists’ expectations.
- Bloomberg: “A gauge of consumer expectations for the next six months surged by the most since 2011, while a measure of present conditions climbed as well, data released Tuesday showed. The improvement in confidence was broad across age and income groups as well as political affiliations.”
- A majority of Americans say the country is on the right track for the first time in decades, according to new polling — while the RealClearPolitics polling average for the direction of the country is at its most favorable since May 2021.
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