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Lynn Franco

Consumer Confidence in June at Lowest Level in 16 Mos

June 29, 2022 by Ted Leave a Comment

Consumer Confidence in June dropped

The Conference Board announced on Tuesday that consumer confidence in June, as measured by their Consumer Confidence Index, a key indicator of the state of mind of the U.S. consumer, has dropped to a reading of 98.7. This is the first time that the Index has been under its 100 reference level since a post-2020 pandemic recovery. Generally, a reading under 100 indicates a pessimistic consumer likely to cut back on spending.

This is the lowest reading for consumer confidence since February 2021.

See the latest on a declining consumer confidence index

[Read more…] about Consumer Confidence in June at Lowest Level in 16 Mos

Filed Under: Consumer Trends, Economic Trends, News Tagged With: Consumer Confidence Index, Expectation Index, Lynn Franco, Present Situation Index, The Conference Board

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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