Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to the lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump’s tariffs.

The consumer confidence index jumped to 98 in May from a revised 85.7 in the prior month, the Conference Board said Tuesday, the first gain after five straight months of decline.

US consumer confidence rebounded sharply in May from a near five-year low as the outlook for the economy and labor market improved amid a truce on tariffs.