US Consumer Confidence Rises on Improved Economic Outlook
- Conference Board index rose to 100.3 after downward revision
- July expectations gauge climbed to highest since January
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US consumer confidence rose in July as improving expectations for the economy and labor market offset bleaker views of current conditions.
The Conference Board’s gauge increased to 100.3 from a downwardly revised 97.8 in June, data out Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 99.7.