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U.S. consumer confidence slips further in July

Wednesday, July 27, 2022
U.S. consumer confidence slips further in July © Reuters. People shop at a 99 Cents retail store in the Bronx borough of New York City, U.S., July 13, 2022. REUTERS/Shannon Stapleton

WASHINGTON (Reuters) - U.S. consumer confidence fell for a third straight month in July amid persistent worries about higher inflation and rising interest rates, pointing to slower economic growth at the start of the third quarter.

The Conference Board said on Tuesday its consumer confidence index dropped 2.7 points to a reading of 95.7 this month.

The survey's present situation index, based on consumers' assessment of current business and labor market conditions, fell to 141.3 from 147.2 in June. Its expectations index, based on consumers' short-term outlook for income, business and labor market conditions, ticked down to 65.3 from 65.8 last month.

"Concerns about inflation, rising gas and food prices, in particular, continued to weigh on consumers," said Lynn Franco, senior director of economic indicators at the Conference Board in Washington. "Looking ahead, inflation and additional rate hikes are likely to continue posing strong headwinds for consumer spending and economic growth over the next six months."

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19-08-2022 15:32:05 (UTC+7)

EUR/USD

1.0085

-0.0003 (-0.03%)

Summary

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EUR/USD

1.0085

-0.0003 (-0.03%)

Summary

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1.1888

-0.0042 (-0.35%)

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136.57

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AUD/USD

0.6900

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1.2976

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 EUR/USD1.0085↑ Buy
 GBP/USD1.1888Buy
 USD/JPY136.57Sell
 AUD/USD0.6900Buy
 USD/CAD1.2976Sell
 EUR/JPY137.73Sell
 EUR/CHF0.9655↑ Sell
 Gold1,766.90↑ Buy
 Silver19.172↑ Buy
 Copper3.6197↑ Buy
 Crude Oil WTI89.33↑ Sell
 Brent Oil95.37↑ Sell
 Natural Gas9.088Neutral
 US Coffee C215.03↑ Buy
 Euro Stoxx 503,746.05↑ Sell
 S&P 5004,283.74Sell
 DAX13,570.01↑ Sell
 FTSE 1007,521.35↑ Sell
 Hang Seng19,772.50Neutral
 Small Cap 20002,000.73↑ Buy
 IBEX 358,348.24↑ Sell
 BASF43.087↑ Sell
 Bayer53.23↑ Sell
 Allianz176.04↑ Sell
 Adidas165.60↑ Sell
 Lufthansa6.325↑ Sell
 Siemens AG109.25↑ Sell
 Deutsche Bank AG8.600↑ Sell
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Cập nhật 19-08-2022 15:32:09
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Cập nhật lúc 15:29:06 19/08/2022
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