Consumer Confidence Rebounds; Midwest Manufacturing Takes Dive; May Increase Reversed 3-Month Downward Trend
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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
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Consumer Confidence Rebounds; Midwest Manufacturing Takes Dive; May Increase Reversed 3-Month Downward Trend
The consumer confidence index is now at the highest level since it reached 103 in March. May's increase marked a r...
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