Consumer Confidence Rebounds
Consumer confidence in the U.S. economy has risen to its largest point since last September, according to the Reuters/University of Michigan Surveys of Consumers. The level is now 61.9, up from 57.3 in March; it was over 70 in September.
"While consumers believe the economy may have hit bottom, most consumers believe that when the rebound starts the economy will gain ground very slowly," the survey's director, Richard Curtin, said as part of the announcement.
The Reuters/Michigan survey is not to be confused with the Department of Commerce's version of the survey.