Tuesday May 29, 10:02 am Eastern Time
Consumer Confidence Jumps in May
NEW YORK (Reuters) - A leading barometer of U.S. consumer confidence rebounded in
May as Americans, while nervous over a flood of corporate layoffs, were more optimistic
about the long-term jobs outlook.
The Conference Board said on Tuesday its broad index of consumer attitudes jumped to
115.5 in May, up from an upwardly revised 109.9 in April and compared with a 4-1/2 year low of 109.2 hit in February.
Economists polled by Reuters had forecast a 111.2 reading.
``Latest findings report rising confidence about job prospects over the next six months, but reveal growing concern about the
current job market,'' said, Lynn Franco, director of the Conference Board's Consumer Research Center.
``Nowhere, however, are there indications that consumers will curtail their spending, which points to continued economic
growth,'' she said.
The Conference Board's Present Situation Index, a gauge of consumer views of the economy right now, rose to 158.6 from
156.0 in April. The Expectations Index, which measures the outlook for the next six months, bounced to 86.8 in May from
79.1 in April.
Gruß Dr.Broemme
Consumer Confidence Jumps in May
NEW YORK (Reuters) - A leading barometer of U.S. consumer confidence rebounded in
May as Americans, while nervous over a flood of corporate layoffs, were more optimistic
about the long-term jobs outlook.
The Conference Board said on Tuesday its broad index of consumer attitudes jumped to
115.5 in May, up from an upwardly revised 109.9 in April and compared with a 4-1/2 year low of 109.2 hit in February.
Economists polled by Reuters had forecast a 111.2 reading.
``Latest findings report rising confidence about job prospects over the next six months, but reveal growing concern about the
current job market,'' said, Lynn Franco, director of the Conference Board's Consumer Research Center.
``Nowhere, however, are there indications that consumers will curtail their spending, which points to continued economic
growth,'' she said.
The Conference Board's Present Situation Index, a gauge of consumer views of the economy right now, rose to 158.6 from
156.0 in April. The Expectations Index, which measures the outlook for the next six months, bounced to 86.8 in May from
79.1 in April.
Gruß Dr.Broemme
