Consumer confidence falls to 5-month low in May POLL

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— 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 had expected confidence to tick up to 69.4 in the latest survey.

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