July 2013 Consumer Confidence Reaches Highest Level In Years

July 31, 2013

Consumer sentiment in the U.S. rose in the month of July to the highest level seen since July 2007, according to Reuters and Yahoo News. The consumer sentiment is based on the Thomson Reuters/University of Michigan's final reading on the overall index on consumer sentiment which rose to 85.1 from 84.1 in June, exceeding expectations of an 84. The increase is due to a more positive attitude about the current economic climate, although they do expect to see a slower rate of growth in the year ahead. Full article.