Consumer confidence in the economy ticked up slightly in May after several months of declines, according to new data from The Conference Board released Tuesday. The Consumer Confidence Index rose to 102 in May, up from 97.5 in April, the business group’s monthly survey found. “Nonetheless, the overall confidence gauge remained within the relatively narrow range it has been hovering in for more than two years,” Dana Peterson, chief economist at The Conference Board, said in a statement. Consumer confidence fell sharply following the outbreak of the COVID-19 pandemic in 2020, before largely recovering in 2021. However, it dipped again in late 2021 and early 2022, as inflation ro
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