May 29, 2007
Today was a good day
By Cory Hopkins
The Conference Board Consumer Confidence Index, which had taken a hit in April, bounced back in May.
The index stands at 108, up from 106.3 in April.
Lynn Franco, director of the Conference Board Consumer Research Center, said
a more upbeat view of current business conditions is credited with the bump in confidence. She said confidence levels continue to suggest slow growth and short-term caution.
The survey is based on a representative sample of 5,000 U.S. households, and is conducted for The Conference Board by TNS, a custom research company.
In May, the number of respondents claiming business conditions were "good" rose to 29.4 percent, up from 27.5 percent in April. The number of respondents saying conditions were "bad" remained the same at 14.5 percent.
The survey found that consumers remain cautious about the next six months. More than 15 percent of respondents said they expected business conditions to improve, up from 13.8 percent in April. Those expecting conditions to worsen jumped to 10.1 percent, up .4 percent over April's total.
The index stands at 108, up from 106.3 in April.
Lynn Franco, director of the Conference Board Consumer Research Center, said
a more upbeat view of current business conditions is credited with the bump in confidence. She said confidence levels continue to suggest slow growth and short-term caution.
The survey is based on a representative sample of 5,000 U.S. households, and is conducted for The Conference Board by TNS, a custom research company.
In May, the number of respondents claiming business conditions were "good" rose to 29.4 percent, up from 27.5 percent in April. The number of respondents saying conditions were "bad" remained the same at 14.5 percent.
The survey found that consumers remain cautious about the next six months. More than 15 percent of respondents said they expected business conditions to improve, up from 13.8 percent in April. Those expecting conditions to worsen jumped to 10.1 percent, up .4 percent over April's total.
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