The Consumer Confidence Index in July saw a slight pullback from June's reading as the short-term expectations index weakened due in part to a less robust outlook for the jobs market six months out.
The index now is at 80.3, down from 82.1 in June. June's reading was the highest since January 2008, as well as the third consecutive month both the current conditions and expectations for the short-term outlook showed improvement in consumer sentiment. While the current reading of 80.3 is relatively high, it is still below the index reading of 90 that is considered that of a healthy economy. The last time that reading was reached was in December 2007.
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