US Consumer Confidence Declines on Weaker Outlook for Economy
- Conference Board’s index slid in May after downward revision
- Expectations for business conditions, incomes were weaker
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US consumer confidence eased this month on a more muted outlook for business conditions, the job market and incomes.
The Conference Board’s gauge of sentiment decreased to 100.4 from a downwardly revised 101.3 reading in May, data out Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 100.