Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Economic Watch: Consumer Confidence Best in Nearly Seven Years

U.S. consumer confidence increased in July -- the third month in a row, according to a new survey from the private research group The Conference Board.

by Staff
July 29, 2014
2 min to read


U.S. consumer confidence increased in July, according to a new survey from the private research group The Conference Board.

Its Consumer Confidence Index, which improved in June, increased again. It now stands at 90.9, up from 86.4 in June. The Present Situation Index increased to 88.3 from 86.3, while the Expectations Index rose to 92.7 from 86.4 in June.

Ad Loading...

“Consumer confidence increased for the third consecutive month and is now at its highest level since October 2007,” said Lynn Franco, director of economic indicators at The Conference Board. “Strong job growth helped boost consumers’ assessment of current conditions, while brighter short-term outlooks for the economy and jobs, and to a lesser extent personal income, drove the gain in expectations.”

She said recent improvements in consumer confidence, in particular expectations, suggest the recent strengthening in growth is likely to continue into the second half of this year.

Consumers’ assessment of current conditions were mixed in July. Those claiming business conditions are “good” edged down to 22.7% from 23.4%, while those stating business conditions are “bad” was virtually unchanged at 22.7%.

Consumers’ appraisal of the job market was more favorable. Those saying jobs are “plentiful” increased to 15.9% from 14.6%, while those claiming jobs are “hard to get” remained unchanged at 30.7%.

Expectations were more optimistic in July. The percentage of consumers expecting business conditions to improve over the next six months increased to 20.2% from 18.4%, while those expecting business conditions to worsen held steady at 11.5%. Slightly more consumers expect their incomes to grow, 17.3% in July versus 16.7% in June, while those expecting a drop in their incomes declined to 11% from 11.4%.  

More Fleet Management

2026 Mack Anthem rolls off the assembly line
Fleet Managementby News/Media ReleaseFebruary 3, 2026

Mack Financial Services Launches Physical Damage Insurance For All Makes

Mack Financial Services has introduced the Rolling Asset Program, offering physical damage insurance for all makes and models within a customer's fleet.

Read More →
Illustration of phishing email with trucks in background
Fleet Managementby News/Media ReleaseFebruary 3, 2026

New Phishing Scheme Targets Motor Carriers, FMCSA Warns

Beware of a new phishing scheme targeting motor carriers. Scammers are sending emails posing as FMCSA or DOT officials to steal data.

Read More →
Daimler-Class8 partnership.
Fleet Managementby News/Media ReleaseFebruary 2, 2026

DTNA Partners with Class8 to Expand Digital Services for Freightliner Owner-Operators

A new partnership brings free wireless ELD service plus load optimization and dispatch planning tools to fourth- and fifth-generation Freightliner Cascadia customers, with broader model availability planned through 2026.

Read More →
Ad Loading...
SponsoredFebruary 1, 2026

Reducing Fleet Downtime with Advanced Diagnostics

This white paper examines how advanced commercial vehicle diagnostics can significantly reduce fleet downtime as heavy duty vehicles become more complex. It shows how Autel’s CV diagnostic tools enable in-house troubleshooting, preventive maintenance, and faster repairs, helping fleets cut emissions-related downtime, reduce dealer dependence, and improve overall vehicle uptime and operating costs.

Read More →
SponsoredFebruary 1, 2026

Stop Watching Footage, Start Driving Results

6 intelligent dashcam tactics to improve safety and boost ROI

Read More →
M&A illustration with Werner and FirstFleet logos
Fleet Managementby Deborah LockridgeJanuary 29, 2026

Werner Expands Dedicated Fleet Nearly 50% With FirstFleet Acquisition

The $283 million acquisition of FirstFleet makes Werner the fifth-largest dedicated carrier and pushes more than half of its revenue into contract freight.

Read More →
Ad Loading...
Bobit Business Media B2X Rewards.
Fleet Managementby News/Media ReleaseJanuary 29, 2026

Bobit Business Media Launches B2X Rewards Engagement Program

B2X Rewards is a new, gamified rewards program aimed at driving deeper engagement across BBM’s digital platforms, newsletters, events, and TheFleetSource.com.

Read More →
Trucking Trends series graphic
Fleet Managementby Deborah LockridgeJanuary 29, 2026

AI is Reshaping Trucking in 2026, from the Back Office to the Shop

Trucking’s biggest technology shifts in 2026 have one thing in common: artificial intelligence.

Read More →
Column graphic illustration with Deborah Lockridge head shot and a small fleet truck in the background
Fleet Managementby Deborah LockridgeJanuary 27, 2026

Why Small Trucking Fleets Are Still Standing [Commentary]

Why discipline, relationships, and focus have mattered more than size for smaller trucking fleets during the freight recession.

Read More →
Ad Loading...
Fleet Managementby Deborah LockridgeJanuary 23, 2026

Cargo Theft Is Surging. A Bill in Congress Could Help. [Video]

Cargo theft losses hit $725 million last year. In this HDT Talks Trucking Short Take video, Scott Cornell explains how a bill moving in Congress could bring federal tracking, enforcement, and prosecutions to help address the problem.

Read More →