Consumer sentiment up

The mixed bag continues but since the US is a consumer oriented market, it’s good news. Reuters:

U.S. consumer confidence improved in May to its highest level since last September, prompted by hopes the government’s economic stimulus program will bring the economy out of recession.

Analysts monitor consumer sentiment as a leading gauge of consumer spending, which accounts for about 70 percent of U.S. economic activity.

The Reuters/University of Michigan Surveys of Consumers said its final May reading on consumer sentiments was 68.7, higher than an early May figure of 67.9 and a final April reading of 65.1.

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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