Conference Board US Consumer Confidence Index rose to 135.7 in July, up from 124.3, and beat expectation of 125.0. Present Situation Index rose from 164.3 to 170.9. Expectations Index Rose from 97.6 to 112.2.
Conference Board said: “After a sharp decline in June, driven by an escalation in trade and tariff tensions, Consumer Confidence rebounded in July to its highest level this year,”
“Consumers are once again optimistic about current and prospective business and labor market conditions. In addition, their expectations regarding their financial outlook also improved. These high levels of confidence should continue to support robust spending in the near-term despite slower growth in GDP.”