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Friday, May 29, 2009

U.S. consumer mood highest in 8 months: survey

The gradual healing in consumer confidence, which hit a 28-year low in November, has been seen as a sign of an economic rebound from the worst downturn since the Great Depression.

The Reuters/University of Michigan Surveys of Consumers said its final May reading on consumer sentiments was 68.7, higher than an early May figure of 67.9 and a final April reading of 65.1. This was slightly above economists' median expectation of a reading of 68.0, according to a Reuters poll.

more at

http://www.reuters.com/article/newsOne/idUSTRE54S3F620090529

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