Mexican Media Brands
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.
#economics
Share
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%.
RELATED CONTENT
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.