- The Conference Board, which uses a Nielsen survey to derive the monthly Consumer Conference Index, said that figure was down this month to 62 from 64.4 in May, the fourth time in four months that it has dropped.
- Two less publicized numbers from the survey – the Expectations Index and the Present Situation Index –were down and up, respectively. Expectations fell to 72.3 from 77.3, while how people said they feel about things right now increased to 46.6 from 44.9 in May.
- In one area, the percentage of respondents who think business conditions will worsen in the next six months exceeded the percentage who think they will improve.
From the article:
The Conference Board Consumer Confidence Index, which had declined in May, fell further in June, according to data released Tuesday. The Index now stands at 62.0 (1985=100), down from 64.4 in May. The Expectations Index declined to 72.3 from 77.3. The Present Situation Index, however, increased to 46.6 from 44.9 last month.