After reporting a substantial improvement in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing consumer confidence deteriorated by more than expected in the month of July.The Conference Board said its consumer confidence index slumped to 92.6 in July after jumping to an upwardly revised 98.3 in June.Economists had expected the consumer confid...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.