Consumer confidence rises to 63.3, marking third straight month of improvement
By APWednesday, May 26, 2010
Summary Box: Consumer confidence up in May
RISING CONFIDENCE: The Conference Board’s Consumer Confidence Index rose to 63.3, sailing past economists’ forecasts for a 59.0 reading. It marks the third straight month of improvement.
WHY IT’S TRICKY TO INTERPRET: The monthly survey of consumers wrapped up May 18. Since then, economic news has turned more worrisome. The Dow has lost about 500 points, including last Thursday’s 376-point dive, as fears have spiked about the European debt crisis.
BEHIND THE FIGURES: The index is still a long way from the 90 that’s considered healthy.
YOUR VIEW POINT
