For the U.S., pre-pandemic, both aging population and debt held down economic growth (the last up cycle was the slowest in the post-WWII era) and inflation. While we are currently returning to a pre-pandemic economy, we see nothing that has fundamentally altered the pre-pandemic economic scene.
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/PRNewswire/ The Conference Board Consumer Confidence Index® held steady in May, following a gain in April. The Index now stands at 117.2 (1985=100), down.
May 2021 Conference Board Consumer Confidence Little Changed
The latest
Conference Board Consumer Confidence Index s headline number was little changed in May. The Index now stands at 117.2 (1985=100), down marginally from 117.5 in April. A quote from the Conference Board:
. consumers short-term optimism retreated, prompted by expectations of decelerating growth and softening labor market conditions in the months ahead .
Analyst Opinion of Conference Board Consumer Confidence
Consumer confidence had been steady for the previous two years - but the coronavirus killed the upswing. Consumer confidence during the pandemic was as low as seen in 2014 - but now has improved to nearly pre-pandemic levels.
US Consumer Confidence Up Sharply Again in April
The Conference Board Consumer Confidence Index® Climbs to Highest Level since February 2020
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NEW YORK, April 27, 2021 /PRNewswire/ The Conference Board
Consumer Confidence Index® rose sharply again in April, following a substantial gain in March. The Index now stands at 121.7 (1985=100), up from 109.0 in March. The Present Situation Index based on consumers assessment of current business and labor market conditions soared from 110.1 to 139.6. The Expectations Index based on consumers short-term outlook for income, business, and labor market conditions rose moderately, from 108.3 last month to 109.8 in April.
The monthly