US EditionUS consumer confidence rebounds after five straight months of declines due to tariff anxiety
- The Conference Board announced that its consumer confidence index increased to 98 in May 2025, marking a 12.3-point gain and signaling a recovery across the United States.
- This improvement followed a five-month decline driven largely by anxiety over President Trump's tariffs and trade conflicts with China and Europe.
- Key developments included a 145% tariff on most Chinese goods with a 90-day negotiation pause, a U.S.-U.K. Agreement in May, and a 50% EU tariff announcement held until July 9.
- The short-term expectations index rose sharply by 17.4 points, reaching 72.8, though it still fell short of the 80 level that could indicate recession concerns; meanwhile, perceptions of job availability continued to decline despite the addition of 177,000 jobs in April.
- Senior economist Stephanie Guichard noted the confidence rebound was visible before the May 12 U.S.-China trade deal and strengthened afterward, suggesting some easing of recession fears.
213 Articles
213 Articles
Consumer Confidence Rebounds as Tariff Tensions (Temporarily) Ease
Market conditions these days are kinda like the weather in Ireland: If you don’t like it, check again in 15 minutes. And now, all of a sudden, everyone is seeing sunshine and rainbows. As global trade tensions appear to cool, consumer sentiment has rebounded — sharply. In fact, the latest consumer sentiment report from the Conference Board, released Tuesday, showed the largest month-to-month jump in confidence in four years. Business owners, on …
The Billings Gazette
Consumer confidence rebounds after declines
WASHINGTON — Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to its lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald…
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