Consumers Begin To Believe There is a Recovery Four years in, consumers finally appear be recognizing there is an economic recovery underway. The consumer confidence index rose a convincing 7.2 points to 76.2 in May, following a 7.1-point rise the previous month. The overall consumer confidence index is now at its highest point since the recession ended four years ago and the recent improvement is notable in that it is evident in nearly every key component of the survey. The present situation index rose 5.7 points in May, reflecting slightly more optimism about business conditions and a little less worry about employment conditions. The proportion of consumers rating current business conditions as ‘good’ rose 1.3 points to 18.8, while the proportion rating conditions as ‘bad’ fell 1.6 points to 26.0. The remaining 55.2 percent rate conditions as ‘normal’.
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