Economy
May 31, 2016
Consumer Confidence in May 2016
Written by Peter Wright
Sources for the following article are the Conference Board and SMU analysis. Please see the end of this piece for an explanation of the indicator.
Consumer Confidence declined from 96.1 in March to 94.7 in April and to 92.6 in May. Included below is the official news release from the Conference Board. The three month moving average (3MMA) declined from 96.0 in March to 94.90 in April and to 94.5 in May. We prefer to smooth the data in this way because of monthly volatility which, in the case of Consumer Confidence, has been quite extreme since the beginning of last year. The 3MMA of the present situation is now slightly below its six year trend and the 3MMA for expectations has been below its six year trend for the last eight months (Figure 1).
