The RealClearMarkets/TIPP Economic Optimism Index, a leading gauge of consumer sentiment, dropped sharply 3.2% in May to 41.8. Since September 2021, the index has remained in negative territory for 33 consecutive months.
Optimism among investors declined 15.7% from 54.9 in April to 46.3 in May, while it improved by 9.6% among non-investors, from 36.6 in April to 40.1 in May.
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