The Conference Board’s Consumer Confidence Index jumped by 12.3 points in May, the largest monthly gain in four years. | Economy
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"The Conference Board’s Consumer Confidence Index jumped by 12.3 points in May, the largest monthly gain in four years, as Americans grew more upbeat about the economy, the job market, and their own financial prospects. The reading came in at 98.0, up sharply from April’s 85.7, and blew past all forecasts by economists.
Econoday’s survey had a range of forecasts from 84.0 to 91.3, with the consensus at 87.3.
It wasn’t just a bounce—it was a breakout.
The Expectations Index, which measures how consumers see the next six months, soared by the most since 2011. That surge suggests that despite months of gloomy headlines, Americans are seeing signs of improvement ahead.
Even before the U.S. and China announced their May 12 tariff truce, confidence was already on the rise. After the deal—which temporarily slashed punitive tariffs and restarted negotiations—sentiment surged further.
“The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards,” said Stephanie Guichard, senior economist at the Conference Board.