EmailStory Stocks®
Archive
Last Update: 28-Jun-11 10:33 ET
Consumer Confidence Falls On Employment Pressures
The Conference Board's Consumer Confidence Index fell from an upwardly revised 61.8 (from 60.8) in May to 58.5 in June. The Briefing.com consensus expected confidence to slip to 60.8. After reaching its highest level in three years in February (72.0), the index is now at its lowest point since it reached 57.8 in November 2010.
The Expectations Index fell from 76.7 in May to 72.4 in June. That is its lowest level since October 2010.
The decline in the Consumer Confidence Index is in-line with the drop in sentiment revealed in the preliminary reading of the June University of Michigan Consumer Sentiment Index. That measure declined from 74.3 in May to 71.4 in June.
