U.S. Consumer Confidence Dives in May

Bloomberg - Confidence among U.S. consumers unexpectedly declined in May to a six-month low as Americans’ outlook for business conditions and the labor market soured. The Conference Board’s index dropped to 60.8 from a revised 66 reading in April, figures from the New York-based private research group showed today. The median forecast of economists surveyed by Bloomberg News called for a rise to 66.6. Other data today showed a drop in home prices and weakening manufacturing. Read full story here: News New Mexico

U.S. Consumer Confidence Dives in May