U.S. Consumer Confidence Index Drops to 90.8 in July

Confidence falls below June's 92.2 and forecasts of 92.3, driven by persistent pessimism regarding labor market conditions and employment outlooks.

Woofun AI data shows that the U.S. Conference Board Consumer Confidence Index declined to 90.8 in July, down from a revised 92.2 in June and missing the 92.3 forecast. Dana Peterson, Chief Economist at The Conference Board, noted that consumer sentiment on economic factors remained largely pessimistic, with a marginal rise in references to employment and unemployment.