FYI: After two straight better than expected monthly readings, Consumer Confidence for the month of May unexpectedly fell, falling from a revised 94.7 down to 92.6 (expectations were for an increase to 96.1). As shown in the chart below, this month’s decline takes the headline index back below its historical average of 93.4 dating back to 1967. After that initial surge in early 2015, Consumer Confidence just hasn’t been able to break away from its long-term average.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/consumer-confidence-misses-estimates/
