Consumer confidence fell to the lowest level in five months as consumers remained concerned about increasing inflation and a weak labor market. The Consumer Confidence Index, reported by the Conference Board, measures how optimistic or pessimistic consumers feel about their …
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Consumer Confidence Up in May
Consumer confidence surged in May, with The Conference Board’s Consumer Confidence Index, rising 12.3 points to 98.0, more than a 10-point increase from April. “Consumer confidence improved in May after five consecutive months of decline,” says Stephanie Guichard, senior economist, …
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