Consumer Confidence Plunges Further in July

Associated Press

NEW YORK – A monthly consumer survey shows that Americans’ confidence in the economy eroded further in July amid job worries. The reading raises concern about the economic recovery and the back-to-school shopping season.

The Conference Board, a private research group, says its Consumer Confidence Index slipped to 50.4 in July, down from the revised 54.3 in June. The decline follows a drop of nearly 10 points in June. Economists surveyed by Thomson Reuters expected 51.0. The two straight monthly declines follow three months of increases.

Economists watch the number closely because consumer spending accounts for about 70 percent of U.S. economic activity and is critical to a strong recovery. A reading above 90 indicates an economy on solid footing.

Thank you for sharing.
Follow us to receive the latest updates.

Like Us On Facebook
Follow Us On Twitter

FREE Guide Exclusively for Activist Post Subscribers


Get Our Exclusive 21-page Report 10 Ways to Survive and Thrive During Economic Collapse for FREE!

In this report we share the exact strategies we’re using to survive the economic collapse.

It is overflowing with actionable steps you can take to protect you and your family. Plus, we identify the best opportunities to thrive.

Enter your email address below to get instant access!