US Michigan University consumer confidence index in July slightly falls to 92.4

The US Michigan consumer confidence index, which was closely concerned by the market, dropped in July after ascending in May and June to stand at 92.4, slightly lower than 92.6 in June. The data indicated that although the laying-off tide maintained and the stock markets showed fatigue, the opinions of the consumers about their financial situation and the economic forecast were similar to those in the past two months and the consumer confidence was still positive.

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