NEW YORK -- After dipping in April, the Conference Board's Consumer Confidence Index edged up in May. The Index now stands at 109.8 (1985=100), up from 108.5 in April.
"Consumers' upbeat mood about current business and labor conditions underscores the economy's continuing recovery, but the latest retreat in expectations suggest that the pace of economic growth will not accelerate in the months ahead," said Lynn Franco, director of The Conference Board's
Consumer Research Center.