Consumer Confidence Index Show Slight Rise

By Staff Writer August 02, 2018

The Conference Board Consumer Confidence Index increased marginally in July, following a modest decline in June.

The Index now stands at 127.4, up from 127.1 in June.

Consumers’ outlook for the labor market was also mixed. The proportion expecting more jobs in the months ahead increased to 22.5 percent from 20 percent, but those anticipating fewer jobs also increased, to 15.7 percent from 13.1 percent.

Regarding their short-term income prospects, the percentage of consumers expecting an improvement rose to 20.8 percent from 19.7 percent, but the proportion expecting a decrease also rose, to 9.2 percent from 7.9 percent.

Last modified on Thursday, 02 August 2018 17:38

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