US consumer confidence drops to 10-month low

FXStreet (Mumbai) – US consumer confidence fell to a 10-month low in July, a sign that volatility in the financial markets is hurting the sentiment.

According to the Conference Board, the consumer confidence index fell to 90.9, missing the estimate of 100.00 by a wide margin. The sentiment index stands revised at 99.8 in June. The consumer psyche appears to have taken a hit on account of the turmoil in the Chinese equities and Greek crisis.

Another report showed the Richmond Fed manufacturing index ticked higher to 13 in July from 6 in June.

US consumer confidence fell to a 10-month low in July, a sign that volatility in the financial markets is hurting the sentiment.

(Market News Provided by FXstreet)