ABC Consumer confidence index for the month of July dropped below both prior and expected readings in addition to the similar fate of Present Situation index and Expectations Index.

Consumer confidence fell from the prior revised reading of 54.3 and below the expected reading of 51.0 reaching 50.4. Present Situation index dropped from the prior reading of 26.8 to reach 26.1 where the Expectations fell as well from the prior reading of 72.7 reaching in July 66.6.