The Conference Board Consumer Confidence Index took a sharp drop in June to 52.9 (1985=100) from 62.7 in May. Meanwhile, the Present Situation Index decreased to 25.5 from 29.8 and the Expectations Index declined to 71.2 from 84.6 last month. Consumers saying conditions are âgoodâ decreased to 8.0% from 9.7%, while those saying business conditions are âbadâ increased to 42.4% from 39.5%. Those who determined jobs are âhard to getâ increased to 44.8% from 43.9%, while those saying jobs are âplentifulâ decreased to 4.3% from 4.6%. Additionally, those anticipating an improvement in business conditions over the next six months decreased to 17.2% from 22.8%; those expecting conditions will worsen rose to 14.9% from 11.9%; the percentage of consumers anticipating more jobs in the months ahead decreased to 16.0% from 20.2%; those anticipating fewer jobs increased to 20.8% from 17.8%; and the proportion of consumers anticipating an increase in their incomes declined to 10.6% from 11.4%.
SOURCE: Conference Board