Consumers’ Outlooks on Economy Improve to Five-Month High

Consumers’ economic outlook improved in May to its best reading in five months, showing Americans are looking beyond the current slowdown to a rebound in growth later this year.

The monthly Bloomberg consumer economic expectations gauge rose to minus 1 from minus 4 in April, a report today showed. The weekly Consumer Comfort Index slipped to minus 30.2 for the period ended May 12 from minus 29.5 the prior week, hovering around a five-year high reached at the end of last month. [cont.]

Jeanna Smialek, Bloomberg