The Conference Board’s Consumer Confidence Survey is one of two monthly US consumer sentiment indices, the other being the University of Michigan’s Index of Consumer Sentiment. It covers personal finances, business conditions and buying conditions.
The latest June survey includes responses up to 15 June and it indicates US consumers’ perceptions of current conditions are largely unchanged from May while their views regarding the short-term were mixed. The net result was a fall in the index from a revised 128.8 in May to 126.4 in June.
Lynn Franco, Director of Economic Indicators at The Conference Board said the survey suggests consumers do not expect conditions to improve from what is historically high base. “Consumers’ assessment of present-day conditions was relatively unchanged, suggesting that the level of economic growth remains strong. While expectations remain high by historical standards, the modest curtailment in optimism suggests that consumers do not foresee the economy gaining much momentum in the months ahead.”
