Economy
July 29, 2014
Consumer Confidence in July 2014
Written by Peter Wright
The consumer confidence index increased by 4.5 in June to 90.9. The view of the present situation rose by 2.0 to 88.3 as expectations rose by 6.3 to 92.7, these two components have now converged as they always do at this stage of a recovery after which the view of the present situation will take the lead. The single data point for the composite in July at 90.9, is now higher than the monthly average since January 1980 which is 90.64.
That is not the case with the three month moving average (3MMA) which rose by 3.1 to 86.5, (Figure 1). Note that Figure 1 only goes back to 1990.
