The Conference Board Consumer Confidence Index, after a June decline, showed slight improvement in July. The Index now stands at 59.5 (1985=100), up from 57.6 in June.
The Present Situation Index decreased from 36.6 in June 2011 to 35.7 in July 2011. The Expectations Index rose from 71.6 in June 2011 to 75.4 in July 2011.
Lynn Franco, director of The Conference Board Consumer Research Center, said the modest July gain resulted from an improvement in consumers’ short-term outlook. "Consumers’ appraisal of current business and employment conditions, however, was less favorable as concerns about the labor market continue to weigh on consumers’ attitudes. Overall, consumers remain apprehensive about the future, but some of the concern expressed last month has abated.”
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