Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Axios
Axios
Business
Dion Rabouin

U.S. consumer confidence bounces back, closing in on last fall's 18-year high

Data: The Conference Board; Chart: Axios Visuals

The Conference Board said its index of U.S. consumer confidence rose to a 6-month high in May and is now close to the 18-year high it touched last fall.

What they're saying: "Consumers expect the economy to continue growing at a solid pace in the short-term, and despite weak retail sales in April, these high levels of confidence suggest no significant pullback in consumer spending in the months ahead," said Lynn Franco, senior director of economic indicators at the Conference Board.

Flashback: In January, consumer sentiment was at its lowest levels since Trump was elected

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.