Consumer optimism saw a strong rebound in May, driven by hopes for trade peace between the U.S. and China, according to a survey released Tuesday.
The Conference Board’s Consumer Confidence Index jumped to 98.0, a 12.3-point rise from April and well above the expected 86.0. Officials credited the surge to easing trade tensions, particularly President Trump’s decision on May 12 to pause additional tariffs.
The rebound follows five months of declines, as trade tensions had weighed heavily on sentiment. A truce in early May marked Trump’s second major step back from escalating tariffs since his April 2 announcement.
Other key indicators also rose: the present situation index climbed to 135.9 (+4.8), and the expectations index surged to 72.8 (+17.4). Investor sentiment improved too, with 44% expecting higher stock prices over the next year, up from 37.6% in April.
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