Wed Jun 30

NEW YORK - Overall consumer confidence got a substantial boost for the second week in a row, bringing it back up to levels not seen since mid-May, according to the latest ABC News/Money Magazine poll.

The consumer comfort index rose four points to negative-11 in the week ended June 27, up from negative-15 a week earlier, according to the survey released Tuesday.

The index now stands at the level it was last at on May 16, before it embarked on a series of declines.

The poll has a margin of error of plus or minus three percentage points.

According to the survey, 40 percent of respondents expressed confidence in the economy in the latest week, up from 36 percent the week before and near a five-month high.

Also, 54 percent of those polled said their own finances were in good standing, down slightly from 55 percent in the prior week. In assessing the buying climate, 40 percent of respondents said it was good, up from 37 percent a week earlier.

The consumer comfort index was based on a random survey of 1,000 respondents nationwide ended June 27. The index measures typical Americans' confidence in three areas: the national economy, their own finances, and their willingness to spend money, according to the report.

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