American consumers are feeling a bit more optimistic about the economy.
The Conference Board’s index climbed to 100.3, up from June’s revised 97.8. That’s a small increase, but still shy of pre-pandemic levels, and not enough to lift the spirits across the board.
The outlook for the next six months brightened, hitting 78.2 — the best since January. But not everything’s rosy. The current conditions gauge dipped to its lowest point in over three years, signaling that while hopes are high, reality isn’t quite keeping up.
“Confidence increased in July, but not enough to break free of the narrow range that has prevailed over the past two years,” said Dana M. Peterson, Chief Economist at The Conference Board. “Even though consumers remain relatively positive about the labor 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.” […]
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