The Conference Board Consumer Confidence Index improved in June after a similar improvement in May.
- The Consumer Confidence Index increased from 82.2 in May to 85.2 in June. In addition, both the Present Situation Index and Expectations Index also rose to 85.1 and 85.2 in June, respectively.
- Consumers’ assessment of current conditions improved in June, with 23% of consumers stating the business conditions are good and 22.8% stating the business conditions are bad.
- The consumer’s appraisal of the job market was also favorable, with 14.7% of people stating jobs were plentiful, up from 14.2% in the previous month. 15.9% of consumers expect their incomes to grow, while 12.1% expect a drop in their incomes.
June’s increase in consumer confidence reflects on improving economic conditions, as income expectations were mixed.
DJI gains +0.39%
Source: The Conference Board