Consumer Confidence Increases

By Staff Writer May 30, 2018

The Conference Board Consumer Confidence Index increased in May, following a modest decline in April after a downward revision.

The Index now stands at 128, up from 125.6 in April.

Consumers’ outlook for the labor market was mixed.

The proportion expecting more jobs in the months ahead increased to 19.7 percent from 18.6 percent, while those anticipating fewer jobs also increased, to 13.9 percent from 13.2 percent. Regarding their short-term income prospects, the percentage of consumers expecting an improvement declined, to 21.3 percent from 21.8 percent, while the proportion expecting a decrease rose to 8.2 percent from 7.9 percent.

Last modified on Wednesday, 30 May 2018 13:30

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