Consumer confidence up slightly in July – KIRO 7 News Seattle


SILVER SPRING, Maryland – (AP) – US consumer confidence was largely unchanged between June and July, holding at the lofty heights last seen in early 2020, just before the coronavirus pandemic hit the US and the US World economy throttled.

The Conference Board reported Tuesday that its consumer confidence index rose to 129.1 in July, up from 128.9 the previous month. It is the sixth consecutive month that the measurement has increased.

The assessment of the current business situation of Americans rose slightly to 160.3 from 159.6 in June. Short-term expectations were 108.4 compared to 108.5 in the previous month.

Consumer spending accounts for about 70% of total economic activity in the US, so economists pay close attention to the numbers to get a better idea of ​​what is to come for the national economy.