U.S. consumer sentiment rose unexpectedly in early May after a record plunge a month earlier as emergency assistance payments improved household finances hurt by mass layoffs from the coronavirus crisis, a survey released on Friday showed.
The University of Michigan's preliminary reading of its twice-monthly consumer sentiment survey also found that worries about social isolation from widespread stay-at-home orders imposed to control the spread of COVID-19 are growing as a major concern about the pandemic.The survey's overall index on consumer sentiment edged up to 73.7 from an eight-year low of 71.8 in April when closures of non-essential businesses led to unprecedented job losses.
In May's preliminary survey, health remained the top concern at 57per cent, although down somewhat from 61per cent in April. Meanwhile, concern about social isolation rose to become the No. 2 major concern, with 21per cent of respondents labeling it their top worry versus just 14per cent a month last month.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US stocks tumble as Fed chief warns downturn may be longNEW YORK: Wall Street stocks slumped for a second straight session on Wednesday (May 13) after the Federal Reserve chief highlighted the risks ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US stocks tumble as Fed chief warns downturn may be longNEW YORK (AFP) - Wall Street stocks slumped for a second straight session on Wednesday (May 13) after the Federal Reserve chief highlighted the risks facing the US economy after coronavirus shutdowns.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Taiwan's TSMC announces US$12 billion US chip factoryTaiwan Semiconductor Manufacturing Co Ltd, a major supplier to Apple Inc, announced on Friday it will build a US$12 billion chip factory in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US says it condemns attempts by China-linked 'cyber actors' to steal US Covid researchWASHINGTON (REUTERS) - The United States condemned on Thursday (May 14) attempts by 'cyber actors and non-traditional collectors affiliated' with China to steal US intellectual property and data related to coronavirus research, US Secretary of State Mike Pompeo said in a statement.. Read more at straitstimes.com. Snowden : As is known to the whole world, I have quite a lot to tell about U.S. cybercrime attempts all these years
Source: The Straits Times - 🏆 8. / 63 Read more »
Taiwan chipmaker TSMC to build US plant worth US$12b as Sino-American tech rivalry escalatesTAIPEI: Taiwan Semiconductor Manufacturing, the biggest contract chipmaker, said it plans to build a US$12 billion factory in Arizona in an ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US sport edges back from virus shutdown with golf, auto eventsWorld number one Rory McIlroy and America's most popular auto racers will nudge United States sport forward this weekend as hope grows for a June ... ABC CBSNews NBCNews FoxNews seanhannity Protest, march, riot, revolt and fight for your freedom rights as AMERICANS. Make the politicians follow the people. Open your businesses and take the fine, then sue in court.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »