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- Survey: Retailers, cash rich, plan to increase IT spending; expect modest revenue growth in 2012
- Consumer confidence tumbles in December
- American Express study: Consumers opting for less frequent, but larger transactions in retail
- Retail sales mostly solid in August; Limited leads apparel, but Gap declines
NEW YORK — Consumer confidence in July rose to the highest level in six years as Americans’ views of their finances and the economy improved, according to the the Thomson Reuters/University of Michigan index of consumer sentiment.
The index increased to 85.1 in July from 84.1 at the end of June. It was the highest level since July 2007.
Consumers said they were move favorable toward making purchases, including automobiles and homes.