Consumer sentiment backslides in July as new coronavirus outbreak alarms Americans
July 17, 2020 at 10:22 AM EDT
The fresh surge in coronavirus cases sapped the confidence of Americans in early July, pointing to a potentially slower economic recovery from the pandemic or even a longer recession, according to a closely followed survey of consumer sentiment. The early reading of the consumer-sentiment survey in July fell to 73.2 t from 78.1 last month.
