NEW YORK: US consumer confidence received a boost in May, according to the latest figures from the Conference Board. Its monthly index rose to 108.0 from a revised 106.3 in April.
However, research director Lynn Franco warned: "The short-term outlook remains cautious, and rising gasoline prices are having a negative impact on consumers' inflation expectations."
Of the consumers surveyed, the percentage calling current conditions "good" rose to 29.4% from 27.5% in April. Around 20% called jobs "hard to get", slightly fewer than last month, while those calling jobs "plentiful" stayed at 29%.
Around 15.1% of consumers expected conditions to improve, up from 13.8% in April.
Data sourced from USA Today.com; additional content by WARC staff