For the eighth month in the last nine, the headline Conference Board Consumer Confidence print was revised lower in June (dramatically so)...

That June revision from 100.4 to 97.8 then allowed the headline to 'beat' in July at 100.3 (which is still down from the original June print) but flat at post-COVID lows. Notably the Present Situation tumbled to its lowest since April 2021...

The overall trend in the labor market indicator remains weaker...

...and Purchase plans for homes, cars, and appliances all plunged...

Just remind us again how exactly 'confidence' can be revised lower?

...you can't make this shit up!
{ai:summary}The consumer confidence numbers took a nosedive, with June's print slashed from 100.4 to 97.8. July's slight uptick wasn’t enough to clear the fog, leaving the Present Situation at a low not seen since April 2021.Amid weak labor market indicators, plans for big-ticket purchases are sinking fast. Confidence, it seems, is a fickle mistress, easily revised when malice and madness play their games. #economy

Conference Board Consumer Confidence 'Revised Down' Again...

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