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25 Jul 2017
US: Consumer confidence increased in July following a marginal decline in June - Conference Board
"Consumer Confidence Index, which had declined marginally in June (a downward revision), improved in July," announced the Conference Board on Tuesday.
Key takeaways:
- The Index now stands at 121.1 (1985=100), up from 117.3 in June.
- The Present Situation Index increased from 143.9 to 147.8.
- The Expectations Index rose from 99.6 last month to 103.3.
- Overall, consumers foresee the current economic expansion continuing well into the second half of this year.