Spring sunshine: Global economic confidence rises to 18-month high

Just call it another green shoot for the economy: Global economic confidence has risen to an 18-month high. This comes on the heels of a likely top to U.S. layoffs and improving industrial production, a new Bloomberg News survey indicates.

A positive psychology shift

The Bloomberg Professional Global Confidence Index, which surveyed more than 2,400 Bloomberg users, rose to 43.57 in June from 38.72. in May, Bloomberg News reported Wednesday. The index was a 21.2 in April and 5.95 in March. A reading above 50 means optimists outnumber pessimists. The survey was conducted June 1-5.