EVANS
CREDITS BUSH ECONOMIC LEADERSHIP FOR TWO-YEAR HIGH IN CONSUMER CONFIDENCE
AND CONTINUED STRONG HOME SALESRECORD LEVELS
WASHINGTON,
DC – Secretary of Commerce Donald L. Evans today
credited President Bush’s economic leadership for the Conference
Board’s highest reading in consumer confidence since June
2002. Evans also attributed continued strong home sales to the President’s
policies saying consumers have the confidence and money in their
pockets to make more long-term decisions.
“Housing
sales are shooting through the roof and consumers are the most confident
they’ve been in two years thanks to President Bush’s
leadership,” Evans said. “The President’s policies
are growing the economy, putting more money in the pockets of Americans,
and giving them the confidence to make long term decisions like
buying a home.”
Note:
The Conference Board’s consumer confidence index jumped another
+3.3 points in July to 106.1 on top of a nearly +10 point rise in
June. July’s reading was the highest value since June 2002.
The Conference Board index has increased for 4 straight months and
is up substantially for the year.
The
Department of Commerce also reported that new home sales came in
above estimates at 1.3 million. According to the National Association
of Realtors, existing home sales set a record annualized pace of
6.95 million in June.