Ekonomické zprávy
30.07.2024

U.S. consumer confidence improves in July

The Conference Board reported on Tuesday its U.S. consumer confidence index jumped 2.5 points to 100.3 in July from a downwardly revised 97.8 (from 100.4) in June. 

Economists had expected the consumer confidence index to come in at 99.7.

The details of the survey revealed that the July increase in the headline index reflected a surge in the expectations index (+5.4 points to 78.2 this month) that was partly offset by a fall in the present situation index (-1.7 points to 133.6).

Commenting on the results of the last survey, Dana M. Peterson, Chief Economist at The Conference Board, noted that confidence increased in July, but not enough to break free of the narrow range that has prevailed over the past two years. “Even though consumers remain relatively positive about the labour market, they still appear to be concerned about elevated prices and interest rates, and uncertainty about the future; things that may not improve until next year,” she added.

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