Confidence Rebounds

Hogsett, Don
June 2005
Home Textiles Today;6/6/2005, Vol. 26 Issue 38, p15
Trade Publication
The article reports that consumer confidence reversed a three month losing streak during May 2005 and rebounded 4.8 percent to a reading of 102.2. The confidence level is still 3.3 percent beneath its 12-month high of 105.7 recorded last July. The biggest gain, 24.2 percent, was recorded in New England, while the biggest drop, 10 percent, was posted in the Middle Atlantic states. Scoping out current economic conditions, consumers turned more positive, with the number describing business conditions as bad declining to 16.8 percent from 17.6 percent in April.


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