Numerator’s May Consumer Confidence score edged lower, tracking a deterioration in how consumers see their financial position over the next 12 months.
Seventy-four million consumers said they expect their finances to be worse than they are now within a year, the key factor behind the decline.
The reading comes from Numerator’s monthly Consumer Sentiment Tracker, which measures consumer confidence alongside spending and saving considerations.
The May dip points to softer household sentiment as consumers grow more pessimistic about their near-term financial outlook.