The Consumer Confidence Index rose from 90.6 in May to 91.2 in June, lifted by improved views of business conditions and easing inflation fears as oil prices declined, according to the Conference Board. Even so, confidence remains well below pre-pandemic levels.
Consumers' read on the job market continued to soften. The share saying jobs are "hard to get" climbed to its highest level since January 2021. The Present Situation Index fell 3.0 points to 116.4, its lowest since February 2021, while the Expectations Index rose 3.0 points to 74.4, its highest this year—though it stayed below 80 for a 17th consecutive month, a threshold that often signals a recession within a year.
The share of consumers planning to buy a home within six months edged up to 6.6% in June.
Read the full report here.
