Skip to content
Subscriber Only
Business
Pursuits

Consumer Confidence in U.S. Unexpectedly Increased in July

Confidence among U.S. consumers unexpectedly rose in July from an eight-month low, led by a rebound in the outlook for jobs over the next six months.

The Conference Board’s index climbed to 59.5 from a revised 57.6 reading in June that was lower than previously estimated, figures from the New York-based private research group showed today. Economists predicted the July gauge would fall to 56, according to the median forecast in a Bloomberg News survey.