India, July 29 -- Consumer confidence in the U.S. saw a modest improvement in the month of July, according to a report released by the Conference Board on Tuesday.
The Conference Board said its consumer confidence index rose to 97.2 in July after falling to a revised 95.2 in June.
Economists had expected the consumer confidence index to increase to 95.8 from the 93.0 originally reported for the previous month.
"Consumer confidence has stabilized since May, rebounding from April's plunge, but remains below last year's heady levels," said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board.
She added, "In July, pessimism about the future receded somewhat, leading to a slight improvement in overall confidence."...