U.S. Consumer Confidence Unexpectedly Improves In June
27 Giugno 2017 - 12:10PM
RTTF2
Consumer confidence in the U.S. unexpectedly improved in the
month of June, according to a report released by the Conference
Board on Tuesday.
The Conference Board said its consumer confidence index rose to
118.9 in June from a downwardly revised 117.6 in May.
The increase came as a surprise to economists, who had expected
the index to drop to 116.7 from the 117.9 originally reported for
the previous month.
The unexpected rise by the index came amid an improvement in
consumers' assessment of current conditions, with the present
situation index climbing to 146.3 in June from 140.6 in May.
Consumers saying business conditions are "good" increased to
30.8 percent from 29.8 percent, while those saying business
conditions are "bad" fell to 12.7 percent from 13.9 percent.
The Conference Board said consumers' assessment of the labor
market was also more positive, with those saying jobs are
"plentiful" rising to 32.8 percent from 30.0 percent and those
claiming jobs are "hard to get" edging down to 18.0 percent from
18.3 percent.
On the other hand, the report said the expectations index dipped
to 100.6 in June from 102.3 in May, as consumers were less
optimistic about the short-term outlook.
The percentage of consumers expecting business conditions to
improve over the next six months decreased to 20.4 percent from
21.5 percent, although those expecting conditions to worsen also
slipped to 9.9 percent from 10.3 percent.
Consumers expecting more jobs in the months ahead increased to
19.3 percent from 18.6 percent, but those anticipating fewer jobs
also rose to 14.6 percent 12.1 percent.
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