A woman carries shopping bags in Manhattan in New York City, U.S., February 25, 2025. REUTERS/Jeenah Moon/File Photo
Share
Getting your Trinity Audio player ready...
|
WASHINGTON (Reuters) – U.S. consumer confidence improved in May after deteriorating for five straight months amid a truce in the trade war between Washington and China, though households continued to worry about tariffs raising prices and hurting the economy.
The Conference Board said on Tuesday its consumer confidence index increased 12.3 points to 98.0 this month. Economists polled by Reuters had forecast the index inching up to 87.0.
About half of the responses were collected after May 12, after the White House announced a deal to slash duties on Chinese imports to 30% from 145% for 90 days.
“The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards,” said Stephanie Guichard, senior economist, global indicators at the Conference Board. “Write-in responses on what topics are affecting views of the economy revealed that tariffs are still on top of consumers’ minds.”
—
(Reporting by Lucia Mutikani, Editing by Nick Zieminski)
RELATED TOPICS:
Despite Clashes With US Presidents, Israel’s Netanyahu Usually Gets His Way
14 hours ago
Pope Leo Urges International Diplomacy to Prevent ‘Irreparable Abyss’
14 hours ago
Oil to Open Higher as US Strikes on Iran Boost Supply Risk Premium
15 hours ago
US Bombing of Iran Started With a Fake-Out
15 hours ago
Pakistan Condemns Trump’s Bombing of Iran a Day After Nominating Him for Peace Prize
15 hours ago
Mysterious Ancient Humans Now Have a Face
16 hours ago
World Leaders React to US Attack on Iran
1 day ago
Advisory Warns of ‘Heightened Threat Environment’ in US After Iran Strikes
14 hours ago
Categories

Advisory Warns of ‘Heightened Threat Environment’ in US After Iran Strikes

Muslim Countries to Set up Contact Group to Seek Israel-Iran De-Escalation

Visalia Police Seek Public’s Help in Sexual Assault Investigation

Despite Clashes With US Presidents, Israel’s Netanyahu Usually Gets His Way

Pope Leo Urges International Diplomacy to Prevent ‘Irreparable Abyss’

Oil to Open Higher as US Strikes on Iran Boost Supply Risk Premium
