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Conference Board Confidence ‘Hope’ Hovers Near Decade-Lows
Consumer Confidence, as survey by The Conference Board, dipped in June to 100.4 from a revised lower May print of 101.3. The present situation index improved but the expectations index declined further (hovering near decade lows)…
Source: Bloomberg
…and for the 7th month in the last 8, confidence was revised down…
Source: Bloomberg
The overall trend in the labor market indicator remains weaker…
Source: Bloomberg
Interest rate and inflation expectations dipped… as did hopes for a higher stock market…
Source: Bloomberg
Plan to buy a car or a major appliance dipped…
Source: Bloomberg
Just remind us again how ‘confidence’ can be revised lower?
Tyler Durden
Tue, 06/25/2024 – 10:10
