U.S. consumer confidence weakened in July, due in part to a less optimistic outlook on the labor market, according to a private sector report released on Tuesday.
The Conference Board, an industry group, said its index of consumer attitudes fell to 90.9 and was lower than a downwardly revised 99.8 in May.
The reading marked its lowest level since September 2014.
Economists had forecast a July reading of 100.0,according to a Reuters poll.
The June figure was originally reported at 101.4.
The report’s hard-to-get jobs index rose to 26.7 last month from June’s upwardly adjusted 26.1.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.