USA-Consumer Confidence/July
USA-Consumer Confidence/July
Dateline : July 28, 2026/File
Location : United States
Duration : 1'08
FILE: Philadelphia, USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
1. U.S. national flag
FILE: New York City, USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
2. Various of pedestrians, traffic, buildings
FILE: Los Angeles, California, USA - 2020 (CCTV - No access Chinese mainland)
3. Staff at supermarket
4. Staff, shoppers at cashiers
FILE: New York City, USA - Nov 2022 (CGTN - No access Chinese mainland)
5. Customers dining, chatting, ordering in restaurant
6. Customers paying bill
FILE: Ohio, USA - Date Unknown (CGTN - No access Chinese mainland)
7. Various of workers in auto glass production factory
FILE: Racine, Wisconsin, USA - December 2019 (CGTN - No access Chinese mainland)
8. Various of workers in farming machinery factory
FILE: USA - Exact Location and Date Unknown (CGTN - No access Chinese mainland)
9. Various of bus production line
FILE: North Las Vegas, USA - 2022 (CGTN - No access Chinese mainland)
10. Various of workers on production line, machine in operation
FILE: New York City, USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
11. Various of traffic, buildings
12. Cityscape
U.S. consumer confidence declined in July, missing market forecasts, as Americans expressed growing caution over current business and labor market conditions amid ongoing geopolitical uncertainties.
The Conference Board Consumer Confidence Index decreased by 1.4 points to 90.8 in July, down from an upwardly revised 92.2 in June, the research institution said in a release issued on Tuesday.
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. Net views of current business conditions -- the share of consumers saying conditions are "good" versus "bad" -- fell by 2.6 percentage points to a positive 1.1 percent, barely holding onto positive territory.
Perceptions of current employment conditions also softened. The labor market differential -- the share of consumers saying jobs are "plentiful" minus the share saying jobs are "hard to get" -- dipped by 0.7 percentage points to a positive 3.1 percent.
Meanwhile, the Expectations Index, which measures consumers' short-term outlook for income, business, and labor market conditions, remained unchanged at 74.7 in July.
However, the underlying data showed a mixed outlook, as two of the index's three components declined. Net expectations for business conditions dipped by 1.5 percentage points to negative 3.3 percent, while net expectations for household income softened by 0.5 percentage points to positive 7.3 percent.
Consumers' write-in responses on factors affecting the economy continued to be mostly pessimistic in July, said the release. References to prices and oil and gas eased in frequency but remain elevated.
ID : 8491851
Published : 2026-07-29 17:30
Last Modified : 2026-07-29 20:29:30
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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