US Consumer Confidence Remains Low Amid Economic Disruptions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2026
0mins
Source: CNBC
- Low Consumer Confidence: The University of Michigan's survey indicates that the consumer confidence index fell to an all-time low in May, reflecting persistent pessimism among American consumers who have faced multiple economic shocks, highlighting the fragility of economic recovery.
- Inflation's Lasting Impact: Although the annual inflation rate has cooled, consumers still feel the pressure from cumulative price increases over the past decade, leading to a decrease in their willingness to spend, which negatively affects overall economic activity.
- Frequent Economic Shocks: Economists note that consumers lack the time to recover from one economic jolt before another arises, with future economic stability being crucial for restoring confidence in the coming months.
- Strong Consumer Spending: Despite low confidence, consumers continue to spend, with companies like Uber and Disney reporting robust customer spending, indicating a weakening traditional correlation between consumer sentiment and spending behavior.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to fall
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 390.130
Low
305.00
Averages
374.25
High
400.00
Current: 390.130
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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