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Consumer Confidence declines in June

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Consumer Confidence declines in June

Confidence level comes in below expectations.

Consumer sentiment fell in June, spurred primarily by a decrease in optimism from lower-income Americans.

 

According to the monthly Thomson Reuters/University of Michigan survey, as reported by CNBC.com, the overall consumer sentiment index fell slightly in June from 81.9 to 81.2.

Analysts had expected a reading of 83.0.

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While overall optimism declined slightly during the month, consumer confidence remains relatively strong heading into what is expected to be a strong third quarter for the US economy.

 

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