U.S. consumer confidence decreased in May, marking the first decline in three months. The consumer confidence index fell by 0.7 points to a level of 93.1, the lowest since 2025. The report attributes this decline to rising prices and inflation, which have been influenced by the ongoing U.S.-Israeli conflict in Iran.
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U.S. Consumer Confidence Declines in May After Three Months of Increases
In May, U.S. consumer confidence experienced its first drop in three months, with the index falling to 93.1. This decline is attributed to rising prices and inflation, linked to the U.S.-Israeli conflict in Iran.
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Consumer confidence slips for first time in months
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U.S. Consumer Confidence Declines in May After Three Months of Increases