August 28, 2008

Sign In

  3. Forgot Password? | New Account


Browse News by Topic

Data Products

To Do List

Consumer Confidence Continues Decline

06/30/08

The Conference Board Consumer Confidence Index, which had declined in May, declined even further in June to 50.4, down from 58.1 last month.

The Present Situation Index decreased to 64.5 from 74.2. The Expectations Index declined to 41.0 from 47.3 in May.

Consumers’ assessment of present conditions grew dimmer in June.

Those claiming business conditions are “bad” increased to 32.5 percent from 29.7 percent.

Consumers claiming business conditions are “good” declined to 11.5 percent from 13 percent last month.

Their appraisal of the job market was also more pessimistic. Those saying jobs are “hard to get” increased to 30.5 percent from 28.3 percent in May.

Those claiming jobs are “plentiful” declined to 14.1 percent from 16.1 percent.

Consumers’ short-term expectations deteriorated further in June.

Those expecting business conditions to worsen over the next six months rose to 33.9 percent from 32.9 percent, while those anticipating business conditions to improve decreased to 8.8 percent from 10.6 percent in May.

The outlook for the labor market was also more pessimistic. The percent of consumers expecting fewer jobs in the months ahead increased to 35.5 percent from 32.3 percent.

Those anticipating more jobs declined to 8.0 percent from 9.0 percent.

The proportion of consumers expecting their incomes to increase declined to 12.3 percent from 14.1 percent.

Read more Entrepreneurs & The Economy stories