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Consumer Confidence Up Sharply Again!

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The Conference Board Consumer Confidence Index showed a sharp increase in May for the second straight month. The Index now stands at 54.9 (1985=100), up from 40.8 in April.   The Consumer Confidence Survey is based on a representative sample of 5,000 U.S. households. The monthly survey is conducted for The Conference Board by TNS. TNS is the world's largest custom research company.

The employment outlook was also less pessimistic. The percentage of consumers expecting more jobs in the months ahead increased to 20.0 percent from 14.2 percent, while those anticipating fewer jobs decreased to 25.2 percent from 32.5 percent. article

Along with this news, the National Association for Business Economics realeased a report that over 90 percent of economists predict the recession will end this year, although the recovery is likely to be bumpy. article

Economists advising the American Bankers Association said on Tuesday that the U.S. recession will end in the third quarter. But they warned that lingering high unemployment and large federal deficits may pose a longer-term threat. article

All in all, prettty good news and encouraging when it comes to small businesses making decisions related to their office space needs.


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