The Buzz | US consumer confidence falls to lowest level since September

U.S. consumer confidence fell this month to the lowest level since September. Consumers are worried about the job market and rattled by events in Greece and China.
The Conference Board said yesterday that its index of consumer confidence fell to 90.9 in July from a revised 99.8 in June. That’s the lowest reading since September’s 89. Consumers’ assessment of current conditions fell slightly to a still-healthy 107.4 from 110.3 in June; but their outlook for next six months dropped sharply to 79.9 this month from 92.8 in June.
Lynn Franco, a Conference Board economist, says consumers may have been worried by the debt standoff in Greece and a stock market plunge in China.
The percentage of consumers describing current business conditions as “good” slipped to 26.1 percent from 24.2 percent.