US consumer confidence stands at 48.2 points in May.

THE Consumer Confidence Survey from the University of Michigan The index fell to its lowest level in the historical series in May, dropping to 48.2 points, after registering 49.8 points in April. “About a third of consumers spontaneously mentioned gasoline prices and approximately 30% cited tariffs. Overall, consumers remain pressured by costs, especially the increase at the pump. Developments in the Middle East are unlikely to significantly boost sentiment until supply disruptions are fully resolved and energy prices fall,” explained the report. DA Economics.

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