Consumer confidence stays steady
May 27, 2004,
NEW YORK — Holding on to its big gain of the month before, consumer confidence was virtually unchanged during May, according to The Conference Board, as Americans report they feel better about the jobs outlook and the U.S. economy.
The bellwether confidence reading, a widely watched gauge of future consumer spending, ticked up slightly, to a level of 93.2 from 93 the prior month, when confidence levels surged 5.1 percent from a March reading of 88.5.
Related Content By Author
The Countdown to the ICON Honors Continues featuring Christophe Pourny