WASHINGTON -- A measure of U.S. consumer confidence has risen to its highest in 4 1/2 years.
The Thomson Reuters/University of Michigan index of consumer sentiment released Friday jumped to 79.3 in May from 76.4 in the previous month. The new reading is the best since October, 2007 -- two months before the recession began.
A high proportion of responders say they are hearing about job gains rather than losses. And consumers expect lower levels of inflation in the months and years ahead, the survey found.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.