25-08-2020 18:55 via uk.finance.yahoo.com

U.S. consumer confidence at six-year low; underscores concerns about economic recovery

The second straight monthly decrease in consumer confidence reported by the Conference Board on Tuesday overshadowed an acceleration in new single-family home sales to a more than 13-1/2-year high in July.The housing market continues to show strong immunity to the coronavirus crisis.The ebb in confidence followed the expiration of a $600 weekly unemployment benefit supplement on July 31 and a flare-up in new coronavirus infections across the country, which forced some jurisdictions to shut down
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