U.S. Consumer Confidence Dips in July

By Greg Robb, MarketWatch

U.S. consumer confidence slipped in July after a big gain in the previous month.

The consumer confidence index fell to 103.2 in July from a revised 106.2 in June, the Conference Board said Tuesday. The June level was the highest in three years.

Economists had been expecting the index to rise only slightly, to a reading of 105.9, from the initial estimate of 105.8 in June, according to a survey conducted by MarketWatch.

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