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The May data shows the highest measure of consumer confidence since February 2008.
Personal consumption expenditures – the key measure of consumer spending – was revised down to 2.6% from 3.4%.
Also yesterday, a closely followed measure of consumer confidence rose slightly.
Not surprisingly, a measure of consumer confidence fell to its lowest level in nearly five years.
A crucial measure of consumer confidence rebounded sharply in March after falling for five consecutive months.
The University of Michigan's preliminary measure of consumer sentiment jumped to 103.2 from 92.6 in December.
A measure of consumer sentiment from the University of Michigan also slumped.
This week the Conference Board's measure of consumer confidence hit a five-year high.
WASHINGTON — Higher gasoline costs helped raise a measure of consumer prices in June.
It was the second consecutive month of gains in retail sales, a measure of consumer health.
The Fed's measure of consumer credit excludes home mortgages and other loans secured by real estate.
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