Mexican Media Brands
U.S. Consumer Confidence Rises to Five-Year High
Americans are more upbeat about the U.S. economy that they have been since February 2008, according to the New York City-based Conference Board.
#economics
Share
Americans are more upbeat about the U.S. economy that they have been since February 2008, according to the New York City-based Conference Board.
The research group's index of consumer confidence jumped to 76.2 this month from a revised 69.0 in April. Gauges of sentiment about current conditions and expectations for the next six months increased in May to five-year and seven-month highs, respectively.
The Conference Board says Americans are more positive about current business and job market conditions and more hopeful about future economic and employment prospects.
Nearly 11% of consumers now say jobs are "plentiful," up more than two points from last month. Almost 17% think there will be more jobs in six months, up 2.5 points from April. Expectations for income are little changed.
RELATED CONTENT
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.