The Conference Board US consumer confidence index fell to a lower-than-expected 50.4 in July from an upwardly revised 54.3 in June, suggesting US consumer sentiment slumped for a second consecutive month to the lowest level since February, a Conference Board report showed, compared with July 2009’s 47.4 level. The present situation index declined to 26.1 in July from an upwardly revised 26.8 in June. The expectations index decreased to 66.6 from June’s upwardly revised 72.7.
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