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November 27, 2014
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Posted: Tuesday, July 29th 2014 at 10:29am

Consumer confidence at highest level in 7 years

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
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WASHINGTON (AP) -- U.S. consumers are more confident about the economy than they have been in nearly seven years.

The Conference Board's confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. The July reading is the highest since October 2007, two months before the Great Recession officially began.

It was the third straight increase in the index. Economists said that strong job growth has helped boost consumers' assessment of current conditions and also improved their outlook on jobs and the economy.

Conference Board economist Lynn Franco says that the improvements in consumers' confidence and expectations about the future indicate that the recent strengthening in overall economic growth should continue in the second half of the year.
Associated Categories: National News, Business News, Local/State News

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