Confidence hits two-year high
July 29, 2004,
NEW YORK — Buoyed by an improving jobs outlook, consumer confidence jumped up for a fourth consecutive month in June, rising 3.2 percent to a reading of 106.1, up from 102.8 in June, The Conference Board reported.
The bellwether gauge of consumer sentiment — a widely watched barometer of future consumer spending, the engine that drives the U.S. economy — now stands at its highest level in two years, since June 2002, when it reached a level of 106.3.
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