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The Conference Board Consumer
Confidence Index, which had decreased in May, posted a slight
increase in June. The Index now stands at 105.7 (1985=100), up from
104.7 in May. The Present Situation Index decreased to 132.7 from
134.1. The Expectations Index, however, edged up to 87.6 from 85.1
last month.
| |
May'06 |
Jun'06 |
|
| Consumer
Confidence Index |
104.7 |
105.7 |
up |
| Present
Situation Index |
85.1 |
87.6 |
up |
| Overall
current conditions "good" |
28.5% |
26.8% |
down |
| Overall
current conditions "bad" |
15.2% |
14.9% |
down |
| Jobs
are "Plentiful" |
29.1% |
28.1% |
down |
| Jobs
are "hard to get" |
20.2% |
19.9% |
down |
| Outlook
for the next 6 months "worsen" |
12.9% |
11.8% |
down |
| Outlook
for the next 6 months "improve" |
16.5% |
16.8% |
up |
| Anticipating
their incomes to increase |
17.1% |
17.1% |
same |
|
|
|
Consumers' overall assessment of current
conditions, while favorable, declined for the second consecutive
month. Labor market conditions were mixed. Consumers' outlook for
the next six months, which had deteriorated in May, improved moderately in
June.
The outlook for the labor market was also
somewhat more optimistic. The proportion of consumers anticipating
their incomes to increase in the months ahead remained virtually unchanged
at 17.1%.
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