Conference Board US consumer confidence dropped to 126.4 in Jun, down from 128.8 and missed expectation of 127.6.
Quote from the release by Lynn Franco, Director of Economic Indicators at The Conference Board:
“Consumer confidence declined in June after improving in May,”
“Consumers’ assessment of present-day conditions was relatively unchanged, suggesting that the level of economic growth remains strong.
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.”
