Summary
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.See the full content of this document
Extract
Consumer Confidence Rebounds
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 Apri...See the full content of this document
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