JULY CONSUMER CONFIDENCE UP, NOT DOWN

The July Consumer Confidence Index yielded a nice surprise:

Economists polled by Reuters forecast the major indicator of consumer optimism to decline to 116.5 in July. Instead, consumer confidence remains at the highest level since July 2001.
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The Consumer Confidence Index beat expectations last month as well. In July, consumers said jobs were even more "plentiful" than last month's report, up to 34.1 percent from 32 percent, while also saying jobs were not as "hard to get."

(Click on figure to enlarge)

http://www.cnbc.com/2017/07/25/july-us-consumer-confidence.html