August 1, 2007
Consumers more confident in July
By Matthew L. Brown
The Conference Board Consumer Confidence Index, which had dipped in June, rebounded to its highest level in six years in July.
The index now stands at 112.6, up from 105.3 in June. The present situation index increased to 139.2 from 129.9 in June. The expectations index rose to 94.8 from 88.8, according to the Conference Board.
The consumer confidence survey is based on a representative sample of 5,000 U.S. households.
According to the latest survey, consumers were more positive about conditions in July than they were in June. Those claiming conditions are "good" increased to 28.1 percent from 27.3 percent. Those saying conditions are "bad" decreased to 14.4 percent from 16.1 percent.
Consumers were also more upbeat about the job market. Those saying jobs are "hard to get" declined to 18.4 percent from 20.5 percent. Those claiming jobs are "plentiful" improved to 30.5 percent from 27.6 percent in June.
The index now stands at 112.6, up from 105.3 in June. The present situation index increased to 139.2 from 129.9 in June. The expectations index rose to 94.8 from 88.8, according to the Conference Board.
The consumer confidence survey is based on a representative sample of 5,000 U.S. households.
According to the latest survey, consumers were more positive about conditions in July than they were in June. Those claiming conditions are "good" increased to 28.1 percent from 27.3 percent. Those saying conditions are "bad" decreased to 14.4 percent from 16.1 percent.
Consumers were also more upbeat about the job market. Those saying jobs are "hard to get" declined to 18.4 percent from 20.5 percent. Those claiming jobs are "plentiful" improved to 30.5 percent from 27.6 percent in June.
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