RTTNews - Consumer confidence deteriorated by more than expected in the month of July, according to a report released by the Conference Board on Tuesday, with the decrease reflecting less favorable assessments of both current conditions and the near-term outlook.

The Conference Board said that its consumer confidence index fell to 46.6 in July from an unrevised 49.3 in June. Economists had been expecting a much more modest decline by the index to a reading of about 49.0.

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