US consumer confidence stands at 55.2 points in July.

THE Consumer Confidence Survey from the University of Michigan The preliminary reading for July was confirmed, registering 55.2 and consolidating an 11.5% month-on-month increase compared to June's 49.5 — the largest monthly advance since the beginning of the recent recovery cycle. The result came in above the market projection of 54.4. “The improvement was broad, observed across all demographic groups (income, education, wealth, age, and political affiliation). Expected business conditions for the next five years reached a 12-month high, although they remain well below the historical average. Despite the consistent rebound, sentiment remains 11% below the level of a year ago, reflecting a generally gloomy view of the economy after five years of high inflation and persistently high prices,” explained the [source/organization]. DA Economics.

This text was translated by machine from Brazilian Portuguese.