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The consumer confidence index rose to 127.4 in July from a revised 127.1 in the prior month, according to the nonprofit Conference Board that publishes the report.




Although just below a recent peak of 130, it’s still one of the highest readings in 18 years.

Big picture: The economy just ripped off one of its best quarterly performances, with growth surging 4.1% in the three months from April to June. Strong hiring, low unemployment and rising incomes are giving the economy a second wind.




What they are saying?: “Consumers’ assessment of present-day conditions improved, suggesting that economic growth is still strong,” said Lynn Franco, director of economic indicators at the board.

https://www.marketwatch.com/story/consumer-confidence-creeps-close-to-18-year-high-2018-07-31