Consumer confidence stays steady

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.

Confidence are now 5.6 percent beneath their 13-month high of 97.7 recorded in January, and have surged up in recent months 21 percent from a low of 77 recorded in September.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

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See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!