CB Consumer Confidence Index declines in May

CB Consumer Confidence Index declined modestly in May. The US Dollar Index stays in positive territory above 104.00. The US Dollar Index clings to small daily gains slightly above 104.00 after this report.

Consumer sentiment in the US weakened slightly in May with the Conference Board’s Consumer Confidence Index edging lower to 102.3 from 103.7 in April (revised from 101.3).

Further details of the publication revealed that the Present Situation Index declined to 148.6 from 151.8 and the Consumer Expectations Index stayed virtually unchanged at 71.5. Finally, the one-year consumer inflation expectations ticked down to 6.1% in May from 6.2% in April.