CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / Consumer Confidence Up Slightly in May After Record Decline in April

Consumer Confidence Up Slightly in May After Record Decline in April

May 29, 2020 By CollisionWeek Editor

Consumers expect the economy to improve but remain distressed.

Following April’s record one-month decline, consumer confidence inched upward in May by an insignificant amount, according to the University of Michigan Surveys of Consumers.

The Sentiment Index fell 27.7% below last May’s level, with the falloff in evaluations of current conditions and future prospects posting declines of 25%-30%. The CARES relief checks and higher unemployment payments have helped to stem economic hardship, but those programs have not acted to stimulate discretionary spending due to uncertainty about the future course of the pandemic, said U-M economist Richard Curtin, director of the surveys.

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: Consumer Sentiment Index, University of Michigan

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Diagnostics Donations Earnings Electric Vehicles Florida I-CAR Lawsuits legislation LKQ Corporation National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Right to Repair Scholarships Texas United Kingdom Workforce Development

Recent Articles

  • BASF Reported to Start Process to Sell Coatings Business June 2, 2025
  • Wren’s Collision Groups Acquires Repair Facilities in Georgia and Alabama June 2, 2025
  • PGW Auto Glass Acquires 13 Dakotaland Autoglass Locations June 2, 2025
  • University of the Aftermarket Foundation Thanks Over 100 Volunteer Scholarship Reviewers June 2, 2025
  • Joe Ocello Named Executive Director AASP/NJ Mechanical Division June 2, 2025
  • Consumer Sentiment Unchanged in May May 30, 2025
  • CARSTAR Adds Collision Repair Center to Network in Billings, Montana May 30, 2025

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2025 - QuanDec Corporation - All Rights Reserved · Log in