Consumer confidence falls to lowest since February
Tue, 07/27/2010 - 09:34
Consumer confidence falls to lowest since February
AP Retail WriterUpdated Jul 27, 2010 09:34AM MDT
NEW YORK • Americans’ confidence in the economy eroded further in July amid worries about a still-stagnant job market. The report raised concerns about the overall economy and the back-to-school season.
The Conference Board, a private research group, said Tuesday that its Consumer Confidence Index slipped to 50.4 in July, down from the revised 54.3 in June. Economists surveyed by Thomson Reuters expected a reading of 51.0. The decline follows last month’s nearly 10-point drop, from 62.7 in May, ...
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