With consumers becoming more optimistic about the short-term outlook, the Conference Board released a report on Tuesday showing an unexpected improvement in consumer confidence in the month of July.
The Conference Board said its consumer confidence index climbed to 65.9 in July from an upwardly revised 62.7 in June. Economists had expected the index to slip to 61.5 from the 62.0 originally reported for the previous month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.