U.S. consumers were not optimistic about the economy in July, according to a report released Tuesday.
The Conference Board's Consumer Confidence Index dipped to 90.9 in July, missing estimates. Economists polled by Reuters expected a reading of 100. June's reading was 99.8.
The reading marked its lowest level since September 2014. The June figure was originally reported at 101.4.
Consumers' outlook for the labour market was dim. Those expecting more jobs in the coming months decreased from 17.1% to 13.1%, while those anticipating fewer jobs increased from 15.2% to 20%.
Consumers were not optimistic about the short-term outlook. The percentage of consumers expecting business conditions to improve over the next six months was down to 14.7% from 17.9%. Those expecting business conditions to worsen increased slightly to 10.7% from 10.2%.
