Consumer Confidence Hits Six-Year High

Some good news for a change...

The Conference Board's Consumer Confidence Index, which had dipped in June, rebounded in July. The Index now stands at 112.6 (1985=100), up from 105.3 in June.
Says Lynn Franco, Director of The Conference Board Consumer Research Center: "Looking ahead, consumers are more upbeat about short-term economic prospects, mainly the result of a decline in the number of pessimists, not an increase in the number of optimists. This rebound in confidence suggests economic activity may gather a little momentum in the coming months."