Consumer Confidence Rebounds to Near 18-year High

A woman shops at a Walmart Supercenter store in Rosemead, Calif., on May 23, 2019. Frederic J. Brown/AFP/Getty Images

Confidence in U.S. economic conditions increased in May, recovering from a dip at the beginning of the year.

The Consumer Confidence Index increased to 134.1 in May from 129.2 in April, according to data released on May 28 by The Conference Board, a think tank that creates the index from a survey conducted by Nielsen, a global performance management company.