ANOTHER CONFIDENCE POLL

Confidence in US economy slips in July- report

Tue Jul 12, 2005 09:59 AM ET NEW YORK, July 12 (Reuters) - U.S. consumers' were less optimistic about the economy in July as gasoline prices edged higher, according to a survey released on Tuesday.

Investor's Business Daily and TechnoMetrica Market Intelligence said their economic optimism index slipped 1.9 points to 48.6 from June's 50.5. A reading above 50 indicates optimism while a reading below 50 indicates pessimism.

"The across-the-board decline is not surprising given that gasoline prices kept rising throughout the month of June," said Raghavan Mayur, president of TIPP, a unit of TechnoMetrica Market Intelligence, IBD's polling partner.


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