US consumer confidence falls in July

[WASHINGTON] US consumer confidence ebbed in July amid a flare-up in Covid-19 infections across the country, which is threatening the economy's recovery from an unprecedented recession caused by the pandemic.

The Conference Board said on Tuesday its consumer confidence index dropped to a reading of 92.6 this month from a upwardly revised 98.3 in June.

Economists polled by Reuters had forecast the index would drop to 94.5 in July from the previously reported 98.1 in June.

REUTERS