The consumer confidence index in the US declined in July

The US consumer confidence index in July fell to the lowest since January, to the value of 97.9 points from 98.2 points in June, according to the final data of the University of Michigan. The indicator of the attitude of American consumers to the current financial situation was 114.4 points, down from 116.5 points a month earlier. At the same time, the indicator of expectations for the next six months increased to 87.3 points from 86.3 points. The outlook for the medium term dropped to 2.9% from 3%, for the long run - to 2.4% from 2.6%. Experts of the Institute explain the decline in the index by fears associated with trade wars.

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