U.S. consumer confidence drops to six-month low in August
WASHINGTON (Reuters) – U.S. consumer confidence fell to a six-month low in August as concerns about soaring new COVID-19 infections as well as higher inflation dampened the outlook for the economy.
The Conference Board said on Tuesday its consumer confidence index dropped to a reading of 113.8 this month, the lowest since February, from 125.1 in July. Economists polled by Reuters had forecast the index falling to 124.0.
(Reporting by Lucia Mutikani; Editing by Peter Graff)