Consumer outlook starting to thaw, according to Consumer Confidence Index
Long an indicator of consumer attitudes, the Conference Board's Consumer Confidence Index, which had declined in April, gained ground in May.
Long an indicator of consumer attitudes, the Conference Board's Consumer Confidence Index, which had declined in April, regained ground in May.
The Index now stands at 102.2, up from 97.5 in April. The Present Situation Index increased to 116.7 from 113.8. The Expectations Index improved to 92.5 from 86.7.