Upcoming Release Commentary:
The Conference Board’s Consumer Confidence Index
jumped 7.2 points in May to its highest level in more than five years.
April figure was also revised upward to 69.0. The assessment of current
economic conditions went up nearly 6 points from April to 66.7. The
assessment of expectations gained 8.1 points to 82.4 in May.
For the current month, analysts expect a small
pullback in consumer confidence to 75.6. The decline may be partly
attributed to the recent equity market volatility and rise in mortgage
interest rates. But despite expectations for a pullback, consumer
optimism is likely to record modest gains as we go through the year.
U.S. Consumer Confidence Historical Overview:
Historically, from 1967 until 2013, the Conference Board Consumer
Confidence Index averaged 93.71, reaching a record high of 144.70 in May
2000, and a low of 25.30 in February 2009.
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