News Source
EXCERPT:
During a White House small business summit, President Donald Trump said the economy is strong and his policies are satisfying Americans.
“Consumer confidence is way up,” Trump said at the May 4 event.
Three standard measurements of consumer satisfaction — from the University of Michigan; a business group called the Conference Board; and an aggregation of public polling data — show the opposite. They reveal that people are less satisfied with the economy now than at the end of President Joe Biden’s tenure, and at least one of the metrics puts consumer confidence near an all-time low.
The White House pointed to retail spending data to support his statement, but that isn’t a clear-cut measure of consumer confidence when other economic factors are at play.
