US Consumer Confidence Declines Slightly in July
The Conference Board reported that US consumer confidence edged down by 1.4 points to 90.8 in July 2026, continuing a downward trend since late 2021. The Present Situation Index fell for the third consecutive month due to softer assessments of current business and labor market conditions. In contrast, the Expectations Index remained unchanged at 74.7. Consumers' net views on current business conditions dropped slightly but stayed positive overall, while perceptions of job availability declined modestly. Although expectations for future household income softened, they still showed optimism. The survey period included ongoing conflict in the Middle East, which may have influenced consumer sentiment and economic outlooks.
