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US consumer confidence rises modestly in July

UNITED STATES, JUL 29 – The Consumer Confidence Index rose to 97.2 in July, buoyed by improved short-term outlooks for income and employment despite persistent inflation and tariff concerns.

  • The Conference Board released the Consumer Confidence Index on July 29, 2025, showing a modest increase to 97.2 from 95.2 in June.
  • This rise followed a period of stabilization since May and rebound from April's low, which was driven largely by concerns about tariffs and economic uncertainty.
  • Confidence increased primarily among consumers over 35 and Republican respondents, while perceptions of job availability declined for the seventh straight month, falling to a level not seen since March 2021.
  • The Expectations Index rose 4.5 points to 74.4, still below the 80 mark that typically signals recession risk, and 18.9% of consumers said jobs were hard to get in July.
  • Despite the modest confidence improvement, concerns about tariffs and inflation persist, and the outlook remains cautious amid ongoing trade tensions and labor market challenges.
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(AFP) Consumer confidence increased slightly in July, more than markets anticipated, according to a barometer published on Tuesday.Read more]]>

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Spectrum Local News broke the news in United States on Tuesday, July 29, 2025.
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