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US Consumer Confidence Eases in July

WASHINGTON, July 28 (Reuters) - U.S. consumer confidence ebbed in ​July and households' perceptions ‌of the labor market remained generally weak, a ​survey showed on ​Tuesday.

The Conference Board said its ⁠consumer confidence index ​slipped to 90.8 this ​month from an upwardly revised 92.2 in June. Economists polled ​by Reuters had ​forecast the index climbing to ‌92.3 ⁠from a previously reported 91.2 in June.

"Consumers' write-in responses on factors ​affecting the ​economy ⁠continued to be mostly pessimistic ​in July," said Dana ​Peterson, ⁠chief economist at the Conference Board. "Notably, references ⁠to ​jobs and ​unemployment picked up lightly."

Reporting by Lucia ​Mutikani Editing by Alexandra Hudson

Source: Reuters


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