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May 30, 2007
Consumer Confidence On The Upswing
Consumer confidence rebounded in May from the 5-month low it reached last month, according to a survey by the Conference Board.
The group’s Consumer Confidence index rose to 108, from its April level of 106.3. Consumers are feeling more optimistic about the current business landscape, although concerns remain over high gas prices and the lackluster job market.
The survey results are consistent with a 3 percent rise in consumer spending, the Board said.
Posted by Blacks on May 30, 2007 09:11 AM
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