The Conference Board Consumer Confidence Index® decreased to 90.8 in July, dropping from an upwardly revised 92.2 in June and falling short of Wall Street's expectations of 92.0.
The data, reported on The Conference Board official portal, shows persistent economic anxiety fueled by a resurgence in gas prices following escalated military fighting between the U.S. and Iran.
Key Index Breakdown
Metric July Value June Value (Revised) Change Direction
- Headline Index 90.89 2.2 -1.4📉 Down
- Present Situation Index 114.9 118.5 -3.6📉 Down (3rd consecutive drop)
- Expectations Index 74.7 74.70.0➖ Unchanged (Stays under 80)
Core Data Takeaways
- Softening Labor Market: Perceptions of current employment conditions weakened. The "labor market differential"—comparing those who feel jobs are plentiful versus hard to get—dipped 0.7 percentage points to +3.1%.
- Recession Boundaries: The Expectations Index remained pinned at 74.7. A reading below 80 typically serves as the baseline signal for an upcoming recession.
- Pessimistic Drivers: While references to energy prices slightly eased earlier in the month, comments regarding food and grocery inflation spiked sharply.
Would you like to add this Consumer Confidence breakdown to your automatic morning briefing, or should we track tomorrow's Federal Reserve rate announcement next?
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