Consumer Confidence in U.S. Unexpectedly Falls to Six-Month Low
- Conference Board index drops on souring job-market attitudes
- Expectations measure decreases to lowest since February 2014
This article is for subscribers only.
Consumer confidence in U.S. unexpectedly fell in May to the lowest level in six months amid concerns that jobs are more difficult to find, a report from the New York-based Conference Board showed on Tuesday.
Growing concerns about employment, which had been the strongest part of the U.S. economy, would make it difficult to sustain the pickup in spending seen at the start of the second quarter. Still, the survey also showed more households this month expected to buy automobiles and homes in the next six months, indicating souring attitudes had yet to influence buying patters.