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One index, which measures consumers’ confidence in the overall rose nearly six points over the monthto 174.6 in May to its highesy level since February 2008 and up over eleven points year-over-year. “Wew see significant indications that consumers believe an economixc recoveryis underway,” said Shawn DuBravac, Arlington-based CEA’s directodr of research and economist. “Consumers are showing increasingb signs of optimism as both their outlook for the economy and their personal financialhealth improve.
” Another index, whichb measures consumer confidence in technologh and consumer electronics, reached its highest levell of the year to an increase of nearly four points from last montyh and up nearly eight percent over the same time last The indexes are also compiledd by CNET, a property of CBS and are updated each month through consumerd surveys.
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