U.S. residents experience improved optimism concerning the nation's economy after four months.
This month, The Conference Board's Consumer Confidence Index increased to 102, rising from 97.5 in April. A diverse range of Americans expressed improved views on the economy, according to the survey. Interestingly, consumer confidence had been on the decline for the past three months prior to this.
Dana Peterson, chief economist at The Conference Board, stated in a release, "Although consumers held a slightly less favorable opinion of the current business conditions, the robust job market kept them fairly optimistic about the overall situation."
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The robust job market, as mentioned by Dana Peterson, has also boosted confidence in the business sector. Despite the slight decrease in favorable views towards current business conditions, many businesses remain optimistic due to positive economic indicators.
Source: edition.cnn.com
