The U.S. consumer confidence climbed to a six-year high, an economic research group said in its latest report on Tuesday.
The Conference Board Consumer Confidence Index, which had dipped to 105.3 in June, rebounded to 112.6, close to its highest reading on August 2001 of 114.0.
"An improvement in business conditions and the job market has lifted consumers' spirits in July," said Lynn Franco, director of the Conference Board consumer research center.
"Consumers are more upbeat about short-term economic prospects, mainly the result of a decline in the number of pessimists, not an increase in the number of optimists. This rebound in confidence suggests economic activity may gather a little momentum in the coming months,"he added.
Consumers were considerably more positive about current-day conditions in July than they were in June, said the report.
Those claiming conditions are "good" increased to 28.1 percent from 27.3 percent while those saying conditions are "bad" decreased to 14.4 percent from 16.1 percent.
The outlook for the labor market continued to be mixed. The percent of consumers expecting more jobs in the months ahead was virtually unchanged at 14.1 percent, while those anticipating fewer jobs decreased to 15.1 percent from 17.0 percent.
Source: Xinhua
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