US Consumer Confidence Rises in July but Concerns Over Inflation Won’t Budge: Survey

Published on July 31, 2024

U.S. consumers felt more confident in July, with expectations over the near-term future unexpectedly rebounding, although lingering concerns over inflation and increased borrowing costs remain, according to a new survey by The Conference Board. The business research group said its consumer confidence index—which measures how optimistic or pessimistic U.S. consumers are about current and future economic conditions—rose to 100.3 in July from a downwardly revised 97.8 in June. Economists polled by Reuters had forecast the index falling to 99.7 from the previously reported 100.4. Elsewhere, the measure of Americans’ short-term (the next six months) expectations for income, business, and job market conditions improved in July to 78.2, according to the survey....

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