Consumer Confidence Rises in May…
May 26, 2020
Amid the historic Coronavirus crisis, economies across the country have taken unprecedented hits. But for the first time in two months, consumer confidence has risen as businesses slowly reopen. However, consumer confidence still sits near six-year lows. The Conference Board’s senior director of economic indicators, Lynn Franco, says “Short-term expectations moderately increased as the gradual reopening of the economy helped improve consumer spirits. However, consumers remain concerned about their financial prospects.” All 50 states have begun phased re-openings after having abrupt shutdowns.
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