Consumer confidence continues to rise
The Conference Board Consumer Confidence Index®, which had improved in May, increased again in June. The Index now stands at 81.4 (1985=100), up from 74.3 in May. The Present Situation Index increased to 69.2 from 64.8. The Expectations Index improved to 89.5 from 80.6 last month.
Consumers’ assessment of current conditions continued to improve in June, with those stating business conditions are “good” holding steady at 19.1 percent, and those saying business conditions are “bad” decreasing to 24.9 percent from 26 percent. Consumers’ appraisal of the job market also was more positive. Those claiming jobs are “plentiful” increased to 11.7 percent from 9.9 percent, while those claiming jobs are “hard to get” edged up to 36.9 percent from 36.4 percent. More info…
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