NEW YORK — Consumer confidence fell to a five-month low in May, according to a closely watched survey that showed Americans less optimistic about current labor market and business conditions, as well as the short-term outlook.
The survey released Tuesday by The Conference Board, a business research firm, showed an overall index reading of 64.9, down from 68.7 in April. Economists surveyed by Briefing.com had expected confidence to tick up to 69.4 in the latest survey.
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