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U.S. Consumer Confidence Rises to Six-Month High

Pedestrians carry shopping bags in San Francisco.

Pedestrians carry shopping bags in San Francisco.

Photographer: David Paul Morris/Bloomberg
Updated on

U.S. consumer confidence rose by more than expected to the highest level since November as Americans felt the best about current economic conditions in 18 years, highlighting the effects of a robust labor market and rising wages.

The Conference Board’s index climbed to 134.1 in May, according to data from the New York-based group Tuesday that topped economist estimates in a Bloomberg survey. The gauge of views on the present situation increased to 175.2, the highest since December 2000, while the expectations index rose to a six-month high of 106.6.