Consumer Confidence Unexpectedly Rebounds

Please comment on the most aggregious case of someone trying to spin this into bad news.

The conference board said it's Consumer Confidence index rose to 102.2 from a revised 97.5 in April. The reading was much better than the 96 that analysts had expected, which would have been a decline from the original April reading of 97.7.

"Consumer confidence improved in May, gaining back nearly all of the ground it lost in April," said Lynn Franco, director of The Conference Board's Consumer Research Center, in a statement.

One component of the consumer confidence report, the Expectations Index that measures consumers' outlook over the next six months, improved to 92.5 from 86.7. The Present Situation Index, which is more than 26 points higher than a year ago, increased to 116.7 from 113.8.