PR Newswire (06/30/15)
The Conference Board Consumer Confidence Index, which had improved moderately in May, rose further in June. The index now stands at 101.4, up from 94.6 in May. The Present Situation Index increased from 107.1 in May to 111.6 in June, while the Expectations Index advanced from 86.2 in May to 94.6 in June.
“Over the past two months, consumers have grown more confident about the current state of business and employment conditions,” says Lynn Franco, director of economic indicators at the Conference Board. “In addition, they are now more optimistic about the near-term future, although sentiment regarding income prospects is little changed.”
Consumers were more positive about the job market. Those stating jobs are “plentiful” increased from 20.6% to 21.4%, while those claiming jobs are “hard to get” declined from 27.2% to 25.7%.