Consumers are turning more pessimistic about their income prospects, an indication that household spending will grow at a slower pace compared with a year earlier.
Confidence among U.S. consumers rose in May to the second-highest level since 2008 as Americans grew more upbeat about the economy and labor market.
The Conference Board’s index of U.S. consumer confidence climbed to an almost three-year peak in January, higher than previously estimated, reflecting changes in sampling methodology.
Consumer confidence in the U.S. rose in June to the highest level in more than six years as an improving job market bolsters households.
"Looking ahead, consumers have regained confidence in the short-term outlook for the economy and labor market, and are more optimistic about their future earnings potential."
- Lynn Franco on Oct 28, 2014
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