CONSUMER CONFIDENCE IS ON THE RISE

NEW YORK - U.S. consumers were unexpectedly optimistic in July as consumer confidence rose for a second straight month.The Conference Board's Consumer Confidence Index rose to 106.5, up from 105.4 in June.Some economists were expecting the July reading to fall, but current labor market conditions helped boost confidence. However, the proportion of consumers who anticipated their incomes to increase

NEW YORK - U.S. consumers were unexpectedly optimistic in July as consumer confidence rose for a second straight month.

The Conference Board's Consumer Confidence Index rose to 106.5, up from 105.4 in June.

Some economists were expecting the July reading to fall, but current labor market conditions helped boost confidence. However, the proportion of consumers who anticipated their incomes to increase in the months ahead remained virtually unchanged at 17.7 percent.

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