Consumer confidence in U.S. improved by much more than anticipated in the month of May, according to a report released by the Conference Board on Tuesday, with the consumer confidence index rising to its highest level in over five years.
The Conference Board said its consumer confidence index jumped to 76.2 in May from an upwardly revised 69.0 in April. Economists had expected the index to climb to 71.5 from the 68.1 originally reported for the previous month.
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