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CB Consumer Confidence further declined in May

Tuesday, May 31 2016

The Conference Board Consumer Confidence Index, which had decreased in April, declined further in May. The Index now stands at 92.6 (1985=100), down from 94.7 in April. Increase to 96.7 was anticipated. The Present Situation Index decreased from 117.1 to 112.9, while the Expectations Index declined from 79.7 to 79.0 in May.

"Consumer confidence declined slightly in May, primarily due to consumers rating current conditions less favorably than in April," said Lynn Franco, Director of Economic Indicators at The Conference Board. "Expectations declined further, as consumers remain cautious about the outlook for business and labor market conditions. Thus, they continue to expect little change in economic activity in the months ahead."

Euro is currently being traded few points above 1.1130 level, Sterling is around 1.4470 handle, while Aussie is at 0.7220 area.

Last modified on Tuesday, 31 May 2016
More in this category: « Eurozone CPI rose to -0.1% in May Official China's Manufacturing PMI unchanged at 50.1 »

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