Consumer Spending Update: Economic Confidence Plummets in May
Economic confidence fell to 87.7 in this month’s Rasmussen Reports Economic Index, more than 20 points lower than April.
May’s decline reverses two consecutive months of gains. The index is now at its lowest point in eight years.
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The survey of 1,500 American Adults was conducted May 2-3, 2021 by Rasmussen Reports. The margin of sampling error is +/- 2.5 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.
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