Consumer confidence slumped in July by the most since August 2011 as Americans grew less upbeat about prospects for the economy, employment and their finances.

Consumer confidence declined to a five-week low as Americans grew even more downbeat about the prospects for the economy.

Consumer confidence in the United States eased last week from its highest level since the end of April, reflecting subdued views of the economy and buying climate.

Consumer confidence increased more than forecast in June as Americans grew more optimistic about the economy and the labor market.