Tuesday, July 31, 2007

Consumer Confidence Hits 6-Year High

With the situation in Iraq markedly improving and the economy continuing to steam ahaed the left is running low on issues to campaign against.

NEW YORK (AP) -- American consumers -- shrugging off a struggling housing market as jobs remained plentiful -- became more confident in July and sent a gauge of sentiment to a six-year-high, a private research group said Tuesday.

The New York-based Conference Board said that its Consumer Confidence Index, rebounded to 112.6, its highest level since August 2001 when it recorded a 114.0 reading. That compared to a revised 105.3 in June.

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