The Conference Board Consumer Confidence Index, which had decreased in April, bounced back in May. The Index now stands at 108.0 (1985=100), up from 106.3 in April.
The Consumer Confidence Index generally serves as a good barometer of spending. So far, potential problems such as the high price of gas or the weakening housing market have failed to depress consumers sprits.
We'll be tracking this from month to month and year to year.