Updated: 25-Jul-17 10:20 ET
| July Consumer Confidence |
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| Updated: 25-Jul-17 10:20 ET |
Highlights
- The Conference Board's Consumer Confidence Index increased to 121.1 (Briefing.com consensus 116.8) in July from a downwardly revised 117.3 (from 118.9) in June.
Key Factors
- The Present Situation Index increased from 143.9 to 147.8, which is a 16-year high
- The Expectations Index rose from 99.6 to 103.3
- Despite an improved outlook for the labor market, consumers were not as upbeat, the report said, about their income prospects as in June. The percentage of consumers expecting an improvement in their income declined from 20.9% to 20.0%, while the proportion expecting a decline increased from 9.3% to 10.0%.
Big Picture
- The key takeaway from the report is that the uptick in July was forged by a pickup in sentiment for current conditions as well as the short-term outlook.
| Category | JUL | JUN | MAY | APR | MAR |
| Conference Board | 121.1 | 117.3 | 117.6 | 119.4 | 124.9 |
| Expectations | 103.3 | 99.6 | 102.3 | 105.4 | 112.3 |
| Present Situation | 147.8 | 143.9 | 140.6 | 140.3 | 143.9 |
| Employment ('plentiful' less 'hard to get') | 16.1 | 13.6 | 11.7 | 10.9 | 12.8 |
| 1 yr inflation expectations | 4.6% | 4.6% | 4.7% | 4.7% | 4.7% |