26-May-2010 9:22 AM

US consumer confidence up again in Apr-2010

The Conference Board reports (25-May-2010) the US Consumer Confidence Index increased to 63.3 in May-2010, up from 57.7 in Apr-2010, the third consecutive monthly increase. Consumer confidence appears to be gaining traction, according to The Conference Board. Consumer apprehension regarding current business conditions and the job market continues to slowly dissipate. Expectations have increased sharply over the past three months, fueled primarily by growing optimism about business and labour market conditions. Income expectations remain down. [more]