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The Consumer Confidence Index increased by 12.3 points in May to 98.0 — up from 85.7 in April — according to a report released Tuesday by The Conference Board. This notably marked the first increase in consumer confidence in five months.
The Conference Board’s Present Situation Index, which is based on consumers’ outlook on current business and job market conditions, increased 4.8 points in May to 135.9. Meanwhile, the Expectations Index, which is based on consumers’ short-term outlook for income, business and job market conditions, jumped 17.4 points to 72.8 in the same month.
The Conference Board’s Present Situation Index, which is based on consumers’ outlook on current business and job market conditions, increased 4.8 points in May to 135.9. Meanwhile, the Expectations Index, which is based on consumers’ short-term outlook for income, business and job market conditions, jumped 17.4 points to 72.8 in the same month.