Consumer confidence edged lower in July amid softer hiring and a dim view of business conditions.
The Conference Board’s index of confidence slid 1.4 points to 90.8 after an upward revision to the prior month, data released Tuesday showed. This was below the consensus forecast.
The gauge of current economic conditions—based on consumers’ assessment of current business and labor market conditions—declined by 3.6 points to 114.9, its third consecutive monthly decline. Consumer assessments of current business conditions and the current labor market both weakened.
The gauge of expectations for the future—which looks to the short-term outlook for household income, business, and labor market conditions—was unchanged at 74.7. Consumers expect little...
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