India, July 28 -- Consumer confidence in the U.S. unexpectedly deteriorated in the month of July, according to a report released by the Conference Board on Tuesday.
The Conference Board said its consumer confidence index dipped to 90.8 in July from an upwardly revised 92.2 in June.
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Economists had expected the consumer confidence index to rise to 92.3 from the 91.2 originally reported for the previous month.
"Consumer confidence moderated slightly in July, continuing a general downward sloping trajectory since late 2021," said Dana M Peterson, Chief Economist, The Conference Board. "Consumer appraisals of current business conditions and, to a lesser exte...