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US consumer confidence falls in July on worries about future

In this June 6, 2015 photo, a customer at left pays for produce with cash to a worker at a stand at the Atlanta Farmers Market, in Atlanta. The Conference Board releases its July index on U.S. consumer confidence on Tuesday, July 28, 2015. (AP Photo/David Goldman) In this June 6, 2015 photo, a customer at left pays for produce with cash to a worker at a stand at the Atlanta Farmers Market, in Atlanta. The Conference Board releases its July index on U.S. consumer confidence on Tuesday, July 28, 2015. (AP Photo/David Goldman)

By Associated Press July 28, 2015 1 min read

WASHINGTON (AP) – The Conference Board says its index of consumer confidence dropped this month on worries about the future.

The index fell to 90.9 in July from a revised 99.8 in June. Consumers’ assessment of current conditions fell slightly to 107.4 from 110.3, but their outlook for the future dropped sharply to 79.9 this month from 92.8 in June.

Lynn Franco, a conference board economist, says consumers may have been rattled by the debt standoff in Greece and a stock market plunge in China. “Overall,” she said, “the index remains at levels associated with an expanding economy and a relatively confident consumer.”