US consumer confidence drops in July
Add BT as a preferred source[NEW YORK] US consumer confidence weakened in July, due in part to a less optimistic outlook on the labor market, according to a private sector report released on Tuesday.
The Conference Board, an industry group, said its index of consumer attitudes fell to 90.9 and was lower than a downwardly revised 99.8 in May.
The reading marked its lowest level since September 2014.
Economists had forecast a July reading of 100.0, according to a Reuters poll.
The June figure was originally reported at 101.4.
The report's hard-to-get jobs index rose to 26.7 last month from June's upwardly adjusted 26.1.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
China narrows AI gap with US as open-source shift could hit valuations: George Yeo
‘So little’?: Why critics of Temasek’s 10.5% returns in a bull run are getting it wrong
Samsung, SK Hynix and leveraged ETFs drive 70% of Korea trading, drawing criticism
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
