Economics
U.S. Consumer Confidence Stabilized in May on Reopening Optimism
- Share of consumers expecting economy to improve at record high
- But fewer Americans see their incomes increasing in six months
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U.S. consumer confidence stabilized in May, indicating Americans are optimistic that the economic drubbing from the coronavirus pandemic will be short-lived.
The Conference Board’s index rose by 0.9 point to 86.6, according to a report issued Tuesday. The median estimate in a Bloomberg survey of economists had called for a reading of 87.