WASHINGTON – American consumers are feeling confident about current economic conditions but are a bit more wary about the future.
The Conference Board says its consumer confidence index was essentially unchanged in July, dipping to 97.3 from a revised 97.4 in June. The business group’s index includes consumers’ assessment of the economy now and what they expect over the next six months. Their view of today’s economy rose to the highest level since September, but their outlook slipped.
The survey was the first to measure consumers’ mood since Britain voted June 23 to leave the European Union. That so-called Brexit vote rattled financial markets but doesn’t appear to have bothered American consumers much.
Lynn Franco, the Conference Board’s director of economic indicators, says the July reading is consistent with “moderate” economic growth.