US Consumer Confidence Disappoints in July

Source: CNBC
© Reuters
US consumer confidence dropped steeply in July, following an increase in June. The Conference Board's Consumer Confidence Index tumbled to 90.9 this month, being well below the forecasts, as consumers' short-term expectations decreased. The percentage of those who expected business conditions to amend in 2015 slid from 17.9% to 14.7%, while the number of consumers expecting the conditions to deteriorate rose to 10.7% from 10.2% reported in June.
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