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U.S. Consumer Confidence Weakens
Americans are slightly less optimistic about the economy this month than they were in June because of slightly lower expectations for jobs and growth, according to the New York City-based Conference Board.
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Americans are slightly less optimistic about the economy this month than they were in June because of slightly lower expectations for jobs and growth, according to the New York City-based Conference Board.
The group's Consumer Confidence Index dipped to 80.3 from 82.1 last month. Its gauge of the present situation improved by a larger amount. But the measure of expectations declined more sharply.
The research group notes that the main index remains well above year-earlier levels, and perception of current circumstances continues to improve. The number of consumers who say business conditions are good increased 1.5 points to 20.9%. The proportion that say jobs are plentiful rose 0.9 points to 12.2%.
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