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Consumer Confidence and Manufacturing Drop in Q2
Home sales and home prices were up in the second quarter of 2016, but other economic indicators didn’t look so good in the U.S.
Consumer confidence, as reported in The Conference Board’s Consumer Confidence Index, dipped 1.5 percent year over year, expressing a decreasing optimism about the state of the economy.
The Purchasing Managers’ Index also decreased, but continued to read above 50, which means the manufacturing sector is still growing.
And housing starts were flat, with no increase above the second quarter of 2015.
