US Consumer Confidence Falls to Seven-Month Low, Pessimism Grows on Jobs and Economic Outlook

The Conference Board's Consumer Confidence Index in the US fell 0.8 points to 89.4, following a downward revision in the prior month, marking the lowest level since January this year. The sub-index reflecting expectations for the next six months also dropped to its lowest since January. The survey covered August 3-16, during which renewed US-Iran tensions drove oil prices higher, serving as a key disruptive factor.