A closely watched measure of consumer confidence showed Americans remain "cautiously optimistic" about the U.S. economy in July.
The consumer confidence index was little changed this month, coming in at 97.3 compared to revised 97.4 in July, the Conference Board said Tuesday. Analysts expected a reading of 96.
There was little evidence of concern related to June's shock Brexit vote, nor has the upcoming U.S. presidential election provoked many jitters.
"Consumers were slightly more positive about current business and labor market conditions, suggesting the economy will continue to expand at a moderate pace," said Lynn Franco, director of economic indicators at board.
"Expectations regarding business and labor market conditions, as well as personal income prospects, declined slightly as consumers remain cautiously optimistic about growth in the near-term," she said.
The future expectations index declined to 83.3 from 84.6.
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