e-forecasting.com™ earliest offered monthly U.S. consumer confidence rose in May. Derived from the largest in scope and size national consumer survey, conducted by Prosper Insights & Analytics™, Americans confidence on the economy’s performance six months from now increased 0.8 percent points in May, after rising 0.9 percent points in April.
"The early bird's news about future consumer spending, which is about two-thirds of GDP, lead to the prediction that the United States' business-cycle will be in its expansion phase six months from now," said Evangelos Otto Simos, professor at the University of New Hampshire and editor of the U.S. Consumer Confidence Digest.
Adjusting the consumer confidence index to the economy's long-term trend, its co-movement with U.S. monthly GDP™ results in predictive intelligence for what economists call “classic business cycle” analysis, which is used officially to define the booms (expansions) and busts (recessions) for the economy. The long-trend adjusted measure of the U.S. consumer confidence rose 12.5% in May, following an increase of (+13%) in April.
e-forecasting.com, a USA private, international research and predictive intelligence consulting firm, provides its clients sophisticated, scientifically-modeled and disruptive predictive analytics for what's next.
About Prosper Insights & Analytics
Prosper Insights & Analytics provides business intelligence services based on data integration analytics from over hundreds of thousands of data series. Using an advanced insight platform, Prosper creates unique analytics in high-tech business areas, retail, mobile, media and finance.
Logos, product and company names mentioned are the property of their respective owners.