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Highlights
May RBC CASH (Consumer Attitudes and Spending by Household) index jumped to 39 from its previous all time low of 29.5 in April. This was the first increase after six monthly declines. Consumers' economic outlook brightened this month, as evidenced by the RBC Expectations Index, which increased more than 24 points in May, but remains in negative territory for the fifth consecutive month and stands at minus 24.1. The RBC Current Conditions Index, at 57.4, showed a slight increase when compared to the 54.6 registered last month. The increase in the index is being driven by improving attitudes toward the current state of personal finances, with 30 percent of consumers rating personal finances as strong, compared to 25 percent in April.
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