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?