Lynn Franco: Consumer Confidence Index

consumer confidence index: The Conference Board, a New York-based private research group, said Tuesday that its consumer confidence index dipped to 80.3 in July. That's down from a reading of 82.1 in June, which was revised slightly higher and the best reading since January 2008, according to Times Colonist. "Overall, indications are that the economy is strengthening and may even gain some momentum in the months ahead," said Lynn Franco, an economist for the Conference Board that oversees the consumer confidence survey and WASHINGTON - Americans' confidence in the economy fell only slightly in July but stayed close to a 5 1/2-year high, a sign that consumers should continue to help drive growth in the coming months. Despite the slight drop in July, confidence remains well above year-ago levels. And consumers are more optimistic about the current job market. (www.immigrantscanada.com). As reported in the news.