Consumer confidence up slightly

July 26, 2011 at 1:17 PM
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NEW YORK, July 26 (UPI) -- U.S. consumer confidence improved slightly in July after two months of declines, the Conference Board said Tuesday.

The monthly Consumer Confidence Index, which uses 1985 as a base year with an assigned value of 100, rose from 57.6 in June to 59.5.

The Present Situation Index dropped from 36.6 to 35.7, while the Expectations Index, measuring consumer confidence in the economy six months down the road, rose from 71.6 in June to 75.4, the Conference Board said.

In July, the monthly survey of 5,000 households found the number of respondents indicating economic conditions were "good" fell slightly from 13.7 percent to 13.4 percent. The percentage of respondents indicating conditions were "bad" rose from 38.4 percent to 39 percent.

The percentage of respondents indicating jobs were "plentiful" remained unchanged at 5.1 percent, while the number indicating jobs were "hard to get" rose from 43.2 percent to 44.1 percent.

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