Consumer Confidence Drops in July

Consumer confidence in the United States fell in July after jumping in June. The Conference Board reported that the consumer confidence index dropped to 103.2 from 106.2 in June. June's level of 106.2 was the highest consumer confidence index in three years. Now, concern is rising over job prospects, and gasoline prices continue to be high. "The overall state of the economy remains healthy and consumers' outlook suggests no storm clouds on the short-term horizon," the Consumer Research Center's director, Lynn Franco. "Even the steady upward tick of fuel prices at the pump has done relatively little to dampen consumers' spirits. Yet, while there is little to suggest a downturn in activity, there is also little to suggest a pickup," added Franco. latest ebusiness news