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Consumer confidence rebounds in May

Consumer confidence rebounds in May


Consumer confidence rebounded in Nebraska during May and business confidence improved further, according to the latest monthly surveys from the Bureau of Business Research at the University of Nebraska-Lincoln.

Responses to the May Survey of Nebraska Households show that consumer confidence rose to 105.3 during the month, above the neutral level of 100 and well above the April value of 95.6.

Nebraska business confidence stood at 113.2 in May, based on responses to the monthly Survey of Nebraska Business. That was up from a reading of 107.8 in April.

“The May rebound in consumer confidence suggests that the depressed April value was a temporary phenomenon,” Eric Thompson, an economist who serves as Bureau director.

Nineteen percent of responding households indicate that taxes are their top financial issue while 16 percent chose a general increase in the cost of living. Thirty percent of businesses chose customer demand as their top business issue.


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Business reporter

Matt Olberding is a Lincoln native and University of Nebraska-Lincoln graduate who has been covering business for the Journal Star since 2005.

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