Consumer confidence hits 8-month high, beating expectations

05/27/2009 | USA Today

Defying negative news on employment and housing prices, consumer confidence increased this month in the U.S., reaching its highest level in eight months, according to The Conference Board. The optimism substantially topped analysts' forecasts. "Looking ahead, consumers are considerably less pessimistic than they were earlier this year," said Lynn Franco, head of The Conference Board's Consumer Research Center.

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