In June, US consumer confidence saw an unexpected drop, highlighting ongoing worries about the economy and job market due to increased US import duties. According to data released on Tuesday, the Conference Board’s confidence index fell by 5.4 points to 93. This figure was lower than all predictions in a Bloomberg survey of economists.
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US Consumer Confidence Drops on Broad Concerns About Economy
US consumer confidence unexpectedly declined in June, underscoring lingering anxiety about the potential impacts on the economy and job market from higher US import duties. n nThe Conference Board’s gauge of confidence decreased 5.4 points to 93, data showed Tuesday. The figure was below all estimates in a Bloomberg survey of economists.