Consumer confidence takes a hit in July

Confidence among U.S. consumers this month fell to the lowest level since March, according to the Reuters/University of Michigan preliminary index of consumer sentiment.

JUL 10, 2009

By Sue Asci

Confidence among U.S. consumers this month fell to the lowest level since March, according to the Reuters/University of Michigan preliminary index of consumer sentiment. The index fell to 64.6, from 70.8 last month, the report said, according to Bloomberg. The index of consumer expectations, which is a forecast of six months in the future, also declined, to 60.9, from 69.2. The survey also found that consumers expected an inflation rate of 3% during the next 12 months, down from the 3.1% figure they gave last month, the report said.

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Consumer confidence takes a hit in July

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