16 July
Consumer sentiment in US surged sharply amid tariff easing
According to Bloomberg, US consumer sentiment rose significantly in May from nearly a five-year low, driven by improved economic outlook following the tariff agreement.
The Conference Board’s Consumer Confidence Index increased by 12.3 points to 98, marking the largest monthly gain in four years and surpassing all economist forecasts in a Bloomberg poll.
The survey also showed a rise in consumer expectations for the next six months across all age and income groups. The polling was conducted by May 19, after the US and China signed a temporary trade deal.
However, many respondents expressed concerns about the current labor market, noting difficulties in finding jobs despite recent increases in employment nationwide.
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