Consumer Confidence Surges To Five-Year High, Conference Board Says

[Purveyor]

Source: LA TIMES

By Jim Puzzanghera

WASHINGTON -- Americans are more optimistic about the economy than they have been since the Great Recession began, the Conference Board said Tuesday.

The group's Consumer Confidence Index unexpectedly jumped to 81.4 this month, up sharply from 74.3 in May. It was the third straight monthly increase, though the figures were compiled before the recent stock market sell-off.

Analysts had expected confidence to rise only slightly this month.

The other leading gauge, from Thompson Reuters and the University of Michigan, hit a five-year high in May, but its preliminary reading for June dipped a bit.

Read more: http://www.latimes.com/business/money/la-fi-mo-consumer-confidence-conference-board-economy-20130625,0,7966105.story

[hobbit709]

1. Want to buy a bridge?

[Mnemosyne]

2. Tell that to the people I know that are going hungry. nt

[Kingofalldems]

3. Obama is a communist and a Muslin