Consumer Confidence Ticks Down in July
New York, NY, July 30, 2013 -- The Conference Board's consumer confidence index declined to 80.3 in July from 82.1 in June.
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Economists expected consumer confidence to read 81.3.
“Consumer Confidence fell slightly in July, precipitated by a weakening in consumers’ economic and job expectations," says Lynn Franco, director of Economic Indicators at The Conference Board.
"However, confidence remains well above the levels of a year ago. Consumers’ assessment of current conditions continues to gain ground and expectations remain in expansionary territory despite the July retreat. Overall, indications are that the economy is strengthening and may even gain some momentum in the months ahead.”