• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Consumer Sentiment Posts Double-Digit Decline in May

May 27, 2022 by Forex Winner Leave a Comment

Consumer Sentiment Posts Double-Digit Decline in May

Source: University of Michigan

Consumer sentiment plunged by double-digits in May, dragged by the negative outlook on the economy and the inflationary uptick. QQQ is up 2.23%, while SPY is up 1.53%.

  • The Index of Consumer Sentiment stood at 58.4 in May, reflecting a 10.4% decline from 65.2 in April and a 29.6% decline from 82.9 in May 2021.
  • Survey of Consumers Director Joanne Hsu attributed the decline to negative views on current buying conditions for houses and durables and future outlook.
  • Current Economic Conditions fell to 63.3 in May, indicating an 8.8% drop from 69.4 in April and a 29.2% drop from 89.4 in May 2021.
  • The Index of Consumer Expectations stood at 55.2, 11.7% lower than 62.5 in April and 29.9% lower than 78.8 in May 2021.
  • The majority of consumers project an improvement in their financial situation in the next five years, essentially unchanged this year.
  • Persistently negative views are still likely to dominate personal factors in addressing future consumer behavior.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

Admiral Markets

Admiral Markets Review

April 23, 2019 By Forex Winner

xm forex broker

XM Review

April 25, 2019 By Forex Winner

eToro

eToro Review

April 23, 2019 By Forex Winner

Forex Robot Reviews

Tradescoop Review

May 2, 2023 By Forex Winner

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure