U.S. consumer confidence jumped this month on a better outlook for hiring and growth, supporting other signs that show the economy could accelerate in 2014.
Americans' confidence in the economy fell this month to the lowest level since April, as many worried about the impact of a 16-day partial government shutdown. The decline could weigh on spending and economic growth.
Consumers may splurge a bit this fall. This, as they're beginning to feel better about the economy despite a slight dip in July. The consumer confidence index dipped to 80.3 in July, down from 82.1 in June, but numbers are still close to a five-and-a-half year high.
Americans' confidence in the economy fell only slightly in July but stayed close to a 5 1/2-year high. The report shows consumers remain upbeat about the outlook for job growth later this year.
Small-business optimism remained elusive last month June, as the National Federation of Independent Business’s (NFIB) monthly economic Index dropped just under a point (0.9) and landed at 93.5. That could pretty much end any hope of a revival in confidence among job creators.