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U.S. consumer confidence dips in May – survey

Posted on May 31, 2022 by Michael

By Reuters

U.S. consumer confidence eased slightly in May as concerns about high inflation persisted and perceptions of the labor market softened a bit, a survey showed on Tuesday. “The decline in the Present Situation Index was driven solely by a perceived softening in labor market conditions,” said Lynn Franco, senior director of economic indicators at The Conference Board in Washington.

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