Economics
US Consumer Confidence Drops to Lowest Since February 2021 as Inflation Bites
- Conference Board index decreased for a third month in July
- Views on current conditions fell sharply; expectations slip
Shoppers carry bags at a mall in Garden City, New York.
Photographer: John Taggart/BloombergThis article is for subscribers only.
US consumer confidence declined in July to the lowest level since February 2021 on dimmer views of the economy amid persistent inflation.
The Conference Board’s index decreased for a third month to 95.7 from a downwardly revised 98.4 reading in June, data Tuesday showed. The median forecast in a Bloomberg survey of economists called for a decline to 97.