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U.S. consumer confidence jumps to 90.9 in July

Published July 29, 2014 9:13 am

Economy • Up from 86.4 in June, the measure is the highest since before the Great Recession.
This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Washington • 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.

 

 

 

 

 

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