Consumer sentiment for the short-term — six months out — is expected to rise, particularly on the jobs front.
Confidence over current conditions are at a nearly 16-year high.
For the rolling 12 months, the index has slipped for two months from its high of 124.9 in March.
Short-term jobs front outlook hurt consumer confidence in January.
Survey respondents also were more pessimistic about the labor front.
The Conference Board’s Consumer Confidence Index fell in May, providing counterbalance to other bullish readings of shopper sentiment.
Moreover, reorders for spring and summer goods are up, the CBC report noted.
After recouping nearly half of the losses of two consecutive days of severe bloodletting, investors in the U.S. flipped stocks for a quick profit late Tuesday, which left major indices back in the red.