Consumer Confidence Hits 5-Month Low

Consumer confidence falls to a five-month low as the job market remains unstable.
Author:
Publish date:

NEW YORK (

TheStreet

) -- Consumer confidence fell in July, dropping to a five-month low.

The Conference Board's confidence index declined to 50.4 during the month from 54.3 in June. The number was below economist forecasts of 51.

The group's measure of present conditions slipped to 26.1 in July from 26.8, while expectations for the next six months sank to 66.6 -- the lowest level since February -- from 72.7.

-- Reported by Jeanine Poggi in New York.

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.