Tuesday, July 27, 2010

Conference Board Consumer Confidence Index Falls by 3.9 Points

According to the Conference Board Consumer Confidence Index, consumer confidence fell in July for a second consecutive month, declining 3.9 points to 50.4. This places the index at its lowest level since last February. The month’s decline was primarily driven by the future expectations component of the index, which fell 6.1 points. Future expectations have fallen sharply over the past two months. The current conditions component also fell, but by a lesser 0.7 point. Consumers, who had been gaining in confidence through the winter and early spring months, have now started to become more pessimistic about the future.

10.07.27 (Source: Conference Board)

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