WASHINGTON (Reuters) – U.S. consumer confidence ebbed in July amid a flare-up in COVID-19 infections across the country, which is threatening the economy’s recovery from an unprecedented recession caused by the pandemic.
The Conference Board said on Tuesday its consumer confidence index dropped to a reading of 92.6 this month from a upwardly revised 98.3 in June. Economists polled by Reuters had forecast the index would drop to 94.5 in July from the previously reported 98.1 in June.
(Reporting By Lucia Mutikani, Editing by Franklin Paul)
