Consumers in the country were also more pessimistic about the economy in May 2023 than they were in April. This component indicator decreased to -53, compared to -48 in April. In particular, consumers’ opinions about the economy in the next twelve months were more negative, CBS said in a press release.
Consumers’ willingness to buy stood at -28 in May, up from -30 in April. Consumers were slightly less negative about both their financial situation in the next twelve months and their financial situation over the past twelve months. Consumers were also marginally less negative about making large purchases in May than they were in April.
ALCHEMPro News Desk (NB)
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