Consumer confidence highest since September 2008

New York – Consumer confidence made another dramatic leap ahead in May for the second month in a row. The Index stands at 54.9, up from 40.8 in April, The Conference Board reported today.

The Expectations Index rose to 72.3 from 51.0 in April.

“After two months of improvements, the Consumer Confidence Index is now at its highest point in eight months [when it was 61.4],” said Lynn France, director of The Conference Board Research Center.

“Continued gains in the Present Situation Index indicate that current conditions have moderately improved, and growth in the second quarter is likely to be less negative than in the first,” she add. “Looking ahead, consumers are considerably less pessimistic than they were earlier this year, and expectations are that business conditions, the labor market and incomes will improve in the coming months.”

Consumers’ assessment of the job market was more favorable, with those claiming jobs are hard to find falling to 44.7% from 46.6% in April, and those saying jobs are “plentiful” rising to 5.7% from 4.9%. However, those claiming that business conditions are bad rose to 45.3% from 44.9% in April.

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.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Current issue for September 2017

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!