Consumer confidence shows a modest improvement in May, according to GfK’s long-running Consumer Confidence Index. The index increases by two points month-on-month, but it remains weaker than a year earlier. It is still four points lower than the same period last year, with the overall reading at minus 23. Both outlets attribute the change to GfK’s latest index figures, describing the movement as only a slight improvement. Despite the monthly rise, the negative level indicates ongoing caution among consumers. The reporting points to “clear challenges ahead,” reflecting that the index remains in negative territory rather than returning to positive sentiment. Overall, the data suggest a gradual but limited improvement in consumer attitudes, while the year-on-year comparison remains a sign that confidence has not recovered.
Consumer confidence rises slightly in May but remains below last year
Consumer confidence shows a modest improvement in May, according to GfK’s long-running Consumer Confidence Index. The index increases by two points month-on-month, but it remains weaker than a year ea...
- GfK’s Consumer Confidence Index rises by two points in May.
- The index remains negative at minus 23 in May.
- May’s reading is four points lower than the same period last year.
- The reported change is based on GfK’s long-running consumer confidence measure.
GfK’s long-running Consumer Confidence Index rose by two points in May, but is still four points lower than this time last year at minus 23.
3 months agoGfK’s long-running Consumer Confidence Index rose by two points in May, but is still four points lower than this time last year at minus 23.
3 months ago
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