Clipping of news on Brazilian Culture, Law and Citizenship
05/31/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Data suggest faster growth in spending.
Inflation expectations in a year was unchanged at 3.1% in the survey.
Reuters
Greater optimism about the economic outlook and personal finances amid record prices in the stock market led consumer confidence in the United States to the highest level in almost six years in May, Thomson Reuters research showed with the University of Michigan.
The final reading of the index of consumer confidence rose to 84.5 versus 76.4 in April. This was the highest level since July 2007. The result exceeded expectations of 83.7, which was the number of preliminary reading for May released earlier this month.
As current economic conditions jumped to its highest level since August 2007 to 98.0, compared to 89.9, while the assessment of consumer expectations rose to 75.8 versus 67.8.
"The data clearly suggest a faster rate of growth in consumer spending during the year ahead than was expected a month ago," said research director Richard Curtin said in a statement.
The expectation of inflation in a year was unchanged at 3.1% in the survey, and 5-10 years remained at 2.9%.
Source: G1
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This article was translated by an automatic translation system, and was therefore not reviewed by people.