All three of IHP’s Consumer Confidence indices showed little change in May 2024. The Index of Consumer Sentiment (ICS), the broadest measure of the public’s view of their personal economic status and the national economy decreased 1 point to 29 points. The Index of Consumer Expectations (ICE), which tracks future perceptions increased 1 point to 33 points and the Index of Current Conditions (ICC), a measure of perceptions of current conditions, decreased 2 points to 24 points.

The Current buying conditions reached an all-time peak of 28 points in April, indicating an increased demand for purchases than previous months, but it dropped to 25 points in May.

IHP consumer confidence indices range from zero to a potential maximum of 100, with levels below 50 indicating net pessimism. They follow the same methodology commonly used in the United States and Europe, with data collected by telephone interviews. These estimates are based on 16,862 interviews conducted between Oct. 21, 2021–Jun. 7, 2024, including 503 interviews conducted in May 2024, with sample sizes varying between indices depending on response rates and responses weighted to match the national population.