Posted by | May 12, 2012 13:24 | Filed under: Top Stories

Submitted by Mr. Right

Consumer confidence is at its highest level in four years.

The Thomson Reuters/University of Michigan preliminary sentiment index for May climbed to 77.8, the highest since January 2008, from 76.4 the prior month. The gauge was projected to drop to 76, according to the median forecast of 68 economists surveyed by Bloomberg News. For the first time since monthly data began in 1978, it advanced for a ninth-straight time.