The State of the Economy for May 2026

The Conference Board Consumer Confidence Index® dipped 0.7 points to 93.1 in May, down from an upwardly revised 93.8 in April, continuing a downward trend for consumer confidence since late 2024.    The Present Situation Index—based on consumers' assessment of current business and labor market conditions—retreated by 3.2 points to 121.2. The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—rose by 1.0 points to 74.4.    The survey period for this month's preliminary results was May 1–19, encompassing the ongoing war in the Middle East that is placing upward pressure on prices globally. Join Dana M Peterson and Alex Heil to find out what to make of the latest consumer confidence results and what's next for US energy markets.    For more from The Conference Board:  US Consumer Confidence  Forecast for the US Economy  Global Economic Outlook