Consumer confidence falls in June despite expectations for gains … CNBC
Consumer confidence falls in June despite expectations for gains
Consumer confidence fell to 126.4 in June.
Consumer confidence fell in June, well below economists’ expectations.
The Confidence Board’s index dropped to 126.4 from 128 in May. The index was expected to rise to 128.1, according to a survey of Reuters’ economists.
Consumer confidence measures American’s sentiment on current economic conditions and expectations for the next six months, including business and labor market conditions. Since consumer spending accounts for about
70 percent of U.S. economic activity, economists’ pay close attention to the survey.