July 28, 2009
Consumer confidence slid in July
U.S. consumer confidence declined in July for the second consecutive month, the Conference Board said Tuesday.
Consumer confidence, which had rebounded strongly in late spring, has faded in the last two months, said Lynn Franco, director of the Conference Board Research Center.
Respondents to the monthly survey of 5,000 U.S. adults were
quite pessimistic about the short-term outlook, with 46.3 percent indicating economic conditions were
bad and 48.1 percent indicating jobs were
hard to get, the report said.