Financial News: U.S. Consumer Confidence Unexpectedly Deteriorates In July

U.S. Consumer Confidence Unexpectedly Deteriorates In July

07/28/2026 - 10:15:00 (RTTNews)

(RTTNews) - Consumer confidence in the U.S. unexpectedly deteriorated in the month of July, according to a report released by the Conference Board on Tuesday.

The Conference Board said its consumer confidence index dipped to 90.8 in July from an upwardly revised 92.2 in June.

Economists had expected the consumer confidence index to rise to 92.3 from the 91.2 originally reported for the previous month.

"Consumer confidence moderated slightly in July, continuing a general downward sloping trajectory since late 2021," said Dana M Peterson, Chief Economist, The Conference Board. "Consumer appraisals of current business conditions and, to a lesser extent, perceptions of the current labor market both softened."

"Looking ahead, consumers anticipate little improvement in business conditions over the next six months, but expectations for the labor market were slightly less negative," she added. "Expectations for household incomes moderated but remained optimistic overall."

The report said the present situation index, which is based on consumers' assessment of current business and labor market conditions, fell to 114.9 in July from 118.5 in June.

Meanwhile, the expectations index, which is based on consumers' short-term outlook for income, business, and labor market conditions, remained unchanged at 74.7.

The University of Michigan is scheduled to release its revised reading on consumer sentiment in the month of July on Friday.

The consumer sentiment index for July is expected to be downwardly revised to 54.2 from a preliminary reading of 54.4, which was up from 49.5 in June.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

French Private Sector Growth Rebounds (45 min(s), 45 sec(s) ago)
(RTTNews) - France's private sector activity returned to growth in September and marked the fa ...Full Story»

Dutch Q2 GDP Growth Revised Higher (47 min(s), 45 sec(s) ago)
(RTTNews) - The Dutch economic growth improved more than estimated initially in the second quarte ...Full Story»

Australia Private Sector Growth Eases To 3-Month Low (01 hr(s), 51 min(s), 45 sec(s) ago)
(RTTNews) - Australia's private sector grew at the slowest pace in three months in September, ...Full Story»

Indonesia Rate Decision On Tap For Wednesday (40 min(s), 15 sec(s) ago)
(RTTNews) - The central bank in Indonesia will wrap up its monetary policy meeting and then announ ...Full Story»

Slovenian Consumers More Pessimistic In September (04 min(s), 15 sec(s) ago)
(RTTNews) - Consumers in Slovenia remained slightly more pessimistic in September, and the confide ...Full Story»

Belgian Consumer Confidence Weakens In September (29 min(s), 15 sec(s) ago)
(RTTNews) - Households in Belgium expressed a more pessimistic attitude in September as they expre ...Full Story»

Spain Trade Gap Widens In July (54 min(s), 15 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit increased notably in July from a year ago as imports ...Full Story»

Taiwan Export Order Growth Accelerates To 71.4% (18 min(s), 15 sec(s) ago)
(RTTNews) - Taiwan's export order growth quickened for the third straight month in August, dat ...Full Story»