U.S. Consumer Confidence Rises in May

May 29, 2014 at 9:52 PM

U.S. consumer confidence rose in May as consumers saw the economy, including the labor market, in a better light, according to a private sector report released on Tuesday.

The Conference Board, an industry group, said its index of consumer attitudes rose to 83 in May from a downwardly revised 81.7 in April. Economists had expected a reading of 83.0, according to a Reuters poll.

The index for April was originally reported as 82.3.

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Source: Reuters

Category: Bizblog