U.S. Consumer Confidence Dips in June

U.S. consumers also are feeling pretty good about the economy, although they appear to have more niggling concerns. The Conference Board’s Consumer Confidence Index was 126.4 in June, down slightly from 128.8 in May, but well above the 117.3 charted in June 2017.

consumer confidence woman with quizzical expressionThe consumer confidence index from the New York-based business research group measures consumers’ impressions of current economic conditions, as well as their expectations for the future. The latest report was released June 26.

Consumers’ feelings about current economic conditions were essentially unchanged from May to June, but their expectations about the future declined slightly, according to a news release.

“Consumers’ assessment of present-day conditions was relatively unchanged, suggesting that the level of economic growth remains strong,” said Lynn Franco, director of economic indicators at The Conference Board. “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.”