Breaking News

May Consumer Confidence Rose

May 27, 2003
/ Print / Reprints /
ShareMore
/ Text Size+
NEW YORK (Reuters) - U.S. consumer confidence rose moderately in May to a six-month high, as consumers are looking forward to a turnaround in business and job conditions in coming months, a survey said on Tuesday.

The consumer confidence index rose to 83.8 in May from 81.0 in April, the Conference Board, a private business research group, said in a release.

Economists on average had expected the index to rise to 84.9. Consumer confidence is closely watched by economists and businesses for clues about consumer spending, which makes up two-thirds of the U.S. economy.

"Labor market conditions continue to be of concern, but consumers anticipate a turnaround in the coming months. ...The post-war euphoria experienced last month has quickly given way and consumers' focus has returned to matters on the home front," said Lynn Franco, director of the Conference Board's Consumer Research Center.

The present situation Index, a measure of consumers' current attitudes about the economy and their finances, fell to 67.9 from 75.2 in April. The expectations index, a gauge of consumers' six-month outlook, rose to 94.4 from 84.8.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

The 2013 Experience Convention & Trade Show

A look back in photos at the 2013 Experience Convention & Trade Show in Las Vegas.

THE MAGAZINE

ICS Cleaning Specialist Magazine

cover_image

2014 April

Take a look at the April 2014 issue with features on air movers, going green, carpet cleaning and new products & technologies.

Table Of Contents Subscribe

Social Media

Social media is a good way to regularly keep in touch and interact with current clients and reach potential ones. What social mediums do you use in your cleaning/restoration business?
View Results Poll Archive

THE ICS STORE

Get Paid! book cover
Get Paid! (ebook)
Over 30 authors – over 40 articles…from attorneys, contractors, consultants, instructors and others, both inside and outside the restoration industry. R & R, C & R and Cleanfax, opened their archives and gave us the best they had, other chapters were created just for the “Get Paid!” book and its readers. And every one of them has ideas for how to get paid what you are owed.

More Products

ICS DIRECTORY AND BUYING GUIDE

Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view

TRUCKMOUNT EQUIPMENT AND ACCESSORIES GUIDE

Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view

STAY CONNECTED

facebook_40.png twitter_40px.png youtube_40px.pngcrc logo