US consumer confidence moved up in May

Published May 27, 2014 3:31pm ET



WASHINGTON (AP) — U.S. consumers were slightly more confident in the economy in May than in April, partly because of strengthening optimism about future hiring and income gains.

The Conference Board said Tuesday that its confidence index rose to 83 from a revised 81.7 in April. That’s the second-highest reading since January 2008, just after the Great Recession began. Only March was higher at 83.9.

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