{"id":258511,"date":"2021-05-25T18:16:00","date_gmt":"2021-05-25T15:16:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/euphoria-over-the-economy-reopening-fades-in-may-consumer-confidence-shows\/"},"modified":"2021-05-25T18:16:00","modified_gmt":"2021-05-25T15:16:00","slug":"euphoria-over-the-economy-reopening-fades-in-may-consumer-confidence-shows","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/euphoria-over-the-economy-reopening-fades-in-may-consumer-confidence-shows\/","title":{"rendered":"#\n  Euphoria over the economy reopening fades in May, consumer confidence shows"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a22fe2e718a3\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a22fe2e718a3\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/euphoria-over-the-economy-reopening-fades-in-may-consumer-confidence-shows\/#US_consumer_confidence_falls_for_first_time_in_six_months_on_inflation_worries_and_uncertain_job_prospects\" >U.S. consumer confidence falls for first time in six months on inflation worries and uncertain job prospects<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/euphoria-over-the-economy-reopening-fades-in-may-consumer-confidence-shows\/#Jeffry_Bartash\" >Jeffry Bartash<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Euphoria over the economy reopening fades in May, consumer confidence shows<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"US_consumer_confidence_falls_for_first_time_in_six_months_on_inflation_worries_and_uncertain_job_prospects\"><\/span>\n  U.S. consumer confidence falls for first time in six months on inflation worries and uncertain job prospects<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000281323\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       <strong>The numbers:<\/strong> The confidence of Americans in the U.S. economy slipped in May for the first time in six months as they grew more worried about a rising cost of living and future job prospects.<\/p>\n<p> The closely followed survey of consumer confidence slipped to 117.2 in May from revised 117.5 in the prior month, the privately run Conference Board said Tuesday.<\/p>\n<div class=\"paywall\">\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetDynamic\n            inline\n    scope-web|mobileapps\n  article__inset\n          article__inset--type-InsetDynamic\n            article__inset--inline\n  \"><\/p>\n<div class=\"dynamic-inset-container article__inset__dynamic\">\n<div id=\"chart_545074b52de2f5f3af80c586\"><\/div>\n<p><script>\n(function () {\n  function createChart() {\n    var CHART_ENGINE_NAME = 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consumer confidence have declined in May even as states loosened or eliminated altogether restrictions put in place during the pandemic.<\/p>\n<p><strong>Big picture: <\/strong>The big success of the U.S. vaccination campaign has reduced the number of coronavirus cases close to a pandemic low and given Americans plenty of hope for the future. <\/p>\n<p>Yet the reopening of the economy, combined with massive federal stimulus money, has unleashed a surge in pentup demand. The cost of lumber, used cars, farm crops and many other goods and services have jumped to record highs and pushed inflation sharply higher.<\/p>\n<p>The Federal Reserve insists the burst of inflation will ease once the pandemic is over, but rising prices have increased the angst on Main Street and Wall Street. <\/p>\n<p><strong>Key details: <\/strong> Part of the survey that asks how consumers feel about the economy right now surged again to 144.3 from 131.9 \u2014 a new pandemic high. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>That still leaves the so-called current conditions index well below the pre-pandemic peak, however.<\/p>\n<p>Consumers were also less optimistic about the future. A measure of how Americans view the next six months sank to 99.1 from 107.9 and touched a three-month low. <\/p>\n<p>A higher percentage of households expect fewer jobs to be available in the months ahead once the momentum from the economy reopening begins to wane.<\/p>\n<p><strong>What they are saying: <\/strong>\u201cConsumers\u2019 diminished\u00a0confidence\u00a0about business conditions, the labor market, and income prospects over the next six months could be due to waning fiscal support and higher inflation,\u201d said Kathy Bostjancic, chief U.S. financial economist at Oxford Economics.<\/p>\n<p><strong>Market reaction: <\/strong>The Dow Jones Industrial Average<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"negative\">-0.08%<\/bg-quote><br \/>\n       and S&amp;P 500<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"negative\">-0.06%<\/bg-quote><br \/>\n       rose in Tuesday trades, but gains were trimmed after the survey results.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jeffry Bartash\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jeffry_Bartash\"><\/span>Jeffry Bartash<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-744A-EBEAFBED58A5%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Euphoria over the economy reopening fades in May, consumer confidence shows &#8221; U.S. consumer confidence falls for first time in six months on inflation worries and uncertain job prospects The numbers: The confidence of Americans in the U.S. economy slipped in May for the first time in six months as they grew more worried&#8230;<\/p>\n","protected":false},"author":1,"featured_media":258512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-258511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/258511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=258511"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/258511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/258512"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=258511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=258511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=258511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}