US Consumer Confidence Rises for First Time in Four Months
- Conference Board metric surprised, topped all estimates in May
- Details were more mixed as recession expectations increased
This article is for subscribers only.
US consumer confidence unexpectedly rose in May for the first time in four months as views about business conditions and the labor market were less negative.
The Conference Board’s gauge of sentiment increased to 102 from an upwardly revised 97.5 in April, according to data out Tuesday. The reading beat all estimates in a Bloomberg survey of economists.