U.S. consumer confidence continued to fall, with the University of Michigan-Thomson Reuters index dropping to 74.1 on an initial reading of June results.
That index represents the lowest level since December 2011, and was down sharply from 79.3 in May.
While the decrease apparently didn’t surprise economists, who had expected weak jobs data and shaky stock market readings to have a negative imnpact, the 5 point fall off was harsher than anticipated.