On May 31st 2011 at 14:00GMT the Cоnference Bоard Inc. published its Consumer Cоnfidence report for May
April’s value is 65.4, May’s forecast is 66.3
СВ Consumer Cоnfidence is an aggregate index calculated basing on household surveys (about 5000 households are inquired). The range of questions concerns the perspectives of the USA’s labor market, its overall economic situation, business conditions, current and future economic activity. It is a country’s consumer confidence that reflects its future consumer spending, which in its turn reflects the country’s economic activity.
It was expected that May’s consumer confidence value will reach the 3-month high. The employment report for April showed the highest level of the year. The amount of new jobs in April reached 244K. The previous max value was seen in May 2010 – 431K. Moreover, American consumers were expected to become more confident because of more stable gasoline prices.
The Conference Board was founded in 1916 in Boston. 4 years later it moved to New York. Since then it has been at the crossroads of business and society, helping the top management of numerous companies to solve the most topical problems.
The report is published on the last Tuesday of the month.
According to some of the analysts of , a sharp decline down to 60.8 won’t probably cause any bullish sentiment concerning the index of the US Dollar:
