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Article: Consumer confidence rebounds
- Article from:
- Deseret News (Salt Lake City)
- Article date:
- June 1, 2005
- Author:
CopyrightCopyright 2005 Deseret News (Salt Lake City). Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK -- Easing worries about the economy and jobs led to an
unexpected rebound in consumer confidence in May, a private research
group said Tuesday. But a report that tracks Midwestern manufacturing
activity fell sharply in May, spooking Wall Street.
The Conference Board said that its Consumer Confidence Index rose
to 102.2 from a revised 97.5 in April. The reading was much better
than the 96 that analysts had expected, which would have been a
decline from the original April reading of 97.7.
The consumer confidence index is now at the highest level since it
reached 103 in March.
"Consumer confidence improved in May, gaining back nearly all of
the ground it lost in April," said Lynn ...