Confidence slides in US, more falls “likely”

16 July 2020

 

Summary: US consumer confidence retreats in July; index close to April low as US virus infections surge; declines “more likely” in months ahead.   US consumer confidence started 2020 at an elevated level. However, by March, surveys had begun to reflect a growing uneasiness with the global spread of COVID-19 and its reach into the US. After a plunge in April, US household confidence began to recover. The latest survey...

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