Updated: 25-Jun-24 10:25 ET
| June Consumer Confidence |
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| Updated: 25-Jun-24 10:25 ET |
Highlights
- The Conference Board's Consumer Confidence Index dropped to 100.4 in June (Briefing.com consensus 100.0) from a downwardly revised 101.3 (from 102.0) in May, with expectations weighing on the overall index.
Key Factors
- The Present Situation Index rose to 141.5 from a downwardly revised 140.8 (from 143.1) in May.
- The Expectations Index fell to 73.0 from from an upwardly revised 74.9 (from 74.6) in May.
- Average 12-month inflation expectations dipped to 5.3% from 5.4%.
Big Picture
- The key takeaway from the report is that expectations for future income weakened. If that perception builds and/or is realized, then it is apt to detract from discretionary spending activity.
| Category | JUN | MAY | APR | MAR | FEB |
| Conference Board | 100.4 | 101.3 | 97.5 | 103.1 | 104.8 |
| Expectations | 73.0 | 74.9 | 68.8 | 74.0 | 76.3 |
| Present Situation | 141.5 | 140.8 | 140.6 | 146.8 | 147.6 |
| Employment ('plentiful' less 'hard to get') | 24.0 | 22.7 | 22.9 | 29.5 | 30.1 |
| 1 yr inflation expectations | 5.3% | 5.4% | 5.3% | 5.3% | 5.2% |