1. Sales of previously owned homes fell in April, while consumer confidence edged lower this month. 2. Also Friday, the Economic Planning Agency released a quarterly report saying consumer confidence had edged up slightly in December after hitting a record low in September. 3. Consumer confidence edged higher in May, following gains in spending and income the previous month, according to reports released Tuesday. 4. Sales of new homes rose and consumer confidence edged up to the highest level of the year. 5. U.S. Consumer confidence edged up in May, though not quite as much as analysts expected, suggesting a slow economic recovery in the months ahead. |