May Consumer Sentiment at Post-Recession High

May 13, 2012  by in UnCategorized   

By Aggregated Content in economic news on May 14, 2012 from http://www.marketwatch.com/story/consumer-sentiment-in-may-at-post-recession-high-2012-05-11?siteid=rss&rss=1

Consumer sentiment edged higher in May, as declining gasoline prices appear to have offset slowing job-markets growth.

The preliminary reading of the University of Michigan-Thomson Reuters index rose to 77.8 from 76.4 in April. That's the best reading since January 2008 - just one month after the recession started.

The current economic conditions index jumped to 87.3, the best reading since January 2008, from 82.9 in April.

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