July 27, 2004

50-0 FILES (via AWW)

Consumer confidence surges: Survey shows better employment outlook lifts attitude to highest point in two years. (CNN/Money, July 27, 2004)

The Conference Board's latest reading on consumer confidence posted a much stronger gain than expected in July, lifted by gains in the employment outlook.

The survey released Tuesday put its index at 106.1, up from a June reading that was revised up to 102.8. Economists surveyed by Briefing.com forecast a the index would reach 102.0 in July, which would have been up slightly from June's original 101.9 reading.

July marked the fourth straight month of gains for the index and put it at the highest level since June 2002.

The bears saw his shadow and went back to hibernating.

Posted by Orrin Judd at July 27, 2004 10:46 AM
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