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Highlights
May RBC CASH (Consumer Attitudes and Spending by Household) Index reading for May was 87.1, slightly above April's 85.4 level. The survey, which measured the attitudes of 1,000 Americans earlier this week, found respondents much more positive about current conditions but less optimistic about their future prospects. The RBC CASH Index is a monthly national survey of consumer attitudes on the current and future state of local economies, personal finance situations, savings and confidence to make large investments.
Respondents' ratings of their current personal finances strengthened, with nearly a third (31 percent) of consumers saying their personal finances are strong, up from 26 percent in April. In addition, consumers indicated greater comfort with making major purchases. Although consumers feel much more positively about the present, their confidence in the future weakened again this month as 21 percent of survey respondents expected their local economy to be weaker in six months, compared to about the same number (20 percent) who believe it will be stronger.
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