The Conference Board Consumer Confidence Index® Virtually Unchanged in July

The Conference Board Consumer Confidence Index® was relatively unchanged in July, following gains in each of the prior five months. The Index now stands at 129.1 (1985=100), up from 128.9 in June. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—rose from 159.6 to 160.3. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—was virtually unchanged at 108.4, compared to 108.5 last month.

Please join and listen to this podcast as Lynn Franco, Senior Director of Economic Indicators and Chief Economist Dana Peterson discuss consumers’ optimism for the short term and how that will impact the US economy as we head into autumn of 2022.