Abu dhabi: Americans' confidence in the economy fell this month as gas prices resumed their climb after the current developments.

According to Emirates News Agency, the Conference Board Consumer Confidence Index decreased by 1.4 points to 90.8 (1985=100) in July, down from an upwardly revised 92.2 in June. The Present Situation Index-based on consumers' assessment of current business and labor market conditions-fell by 3.6 points to 114.9, marking its third consecutive monthly decline.

The Expectations Index-based on consumers' short-term outlook for income, business, and labor market conditions-remained unchanged at 74.7.

Consumer attitudes had improved modestly in June as gas prices came down to around $3.70 a gallon from more than $4.50 a gallon in late April and early May. On Tuesday, it was $4.10, according to the American Automobile Association (AAA).