Consumer Confidence Measure Fell Again In May With University Of Michigan’s Sentiment Index At Historic Low

Measures of consumer confidence and expectations from The Conference Board and the University of Michigan Surveys of Consumers continued to decline in May. The UM Consumer Sentiment Index fell to 44.8, a new historic low since the indexes were launched in the early 1950s. That was down from 10% month-over-month from a reading of 49.8…