The Conference Board's Consumer Confidence Index fell to 90.8 in July from a 92.2 reading in June due to a drop in the present situation while the expectations index was unchanged from the previous month.
The Conference Board noted deterioration in current assessment of both business conditions and employment conditions.
Advance data for June showed the international trade deficit narrowed to $101.46 billion from $105.89 billion in May, reflecting a larger drop in imports than in exports.
In the same report, wholesale inventories rose by 0.3% in June after a 0.3% gain in May, while retail inventories were flat after a 0.5% gain. Excluding motor vehicle sales, retail inventories would be up 0.4%.
The FHFA home price index posted a 0.3% gain in May after a 0.1% decrease in April. The index was 2.2% higher than a year ago.
Released at the same time, S&P Case-Shiller reported a 0.6% May home price gain, down from 0.8% in April. The index was up 1.1% year-over-year, up from the 0.9% rate in the previous month.
The Dallas Fed's services reading rose to 6.6 in July from 2.9 in June, while the Richmond services reading fell to minus 3 from 0.
The Richmond Fed's manufacturing index rose to 5 in July from 4 in June.
Redbook reported that US same-store retail sales were up 8.3% year-over-year in the week ended July 25, faster than a 7.8% gain in the prior week. Redbook noted that sales are following the typical pattern of less interest in shopping in mid-July, with a likely rebound over the next few weeks as back-to-school items support spending.
The Q2 GDP nowcast estimate from the Atlanta Fed is for a 1.5% gain, revised down from 1.6% in the previous estimate.