The Conference Board reported that consumer confidence rose in July on improved expectations.
The organization’s consumer confidence index increased to 59.5 in July from 57.6 in June, and 4 points greater than the expectations of a number of economists.
The Conference Board’s “expectations barometer” also rose in July, hitting 75.4 vs. 71.6 in June.
“Overall, consumers remain apprehensive about the future, but some of the concern expressed last month has abated,” said Lynn Franco, CB research director.