For the eighth month in the last nine, the headline Conference Board Consumer Confidence print was revised lower in June (dramatically so)...
Source: Bloomberg
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...
Source: Bloomberg
The overall trend in the labor market indicator remains weaker...
Source: Bloomberg
...and Purchase plans for homes, cars, and appliances all plunged...
Source: Bloomberg
Just remind us again how exactly 'confidence' can be revised lower?