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Consumer confidence rises
Consumer sentiment improves slightly in May, while red-hot housing market stays hot.
May 27, 2003: 10:04 AM EDT

NEW YORK (CNN/Money) - U.S. consumer confidence improved in May, a private research group said Tuesday, while reports from the government and the nation's realtors showed the red-hot housing market stayed hot in April.

The Conference Board, a business research group based in New York, said its closely watched index of consumer confidence rose to 83.8 in May from 81 in April. Economists, on average, expected confidence to rise to 84.9, according to a Reuters poll.

Separately, the Commerce Department said the pace of new-home sales rose to an annualized rate of 1.028 million units, compared with a revised 1.011 in March. And the National Association of Realtors said existing home sales rose to an annualized pace of 5.84 million units from 5.53 million in March.

Economists, on average, expected new home sales at a 986,000-unit pace and existing home sales at a 5.67-million unit pace, according to Reuters.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.