The Consumer Confidence Index rose in June to 118.9, to fall, despite the expectations for him, The Conference Board Tuesday.
Economists expect the index falls slightly to 116 for the month of June, according to Thomson Reuters consensus estimates.
Last month, the index dipped to 117.9, to read in April, The Conference Board, said.
The expectations of consumers improved to a nearly 16-year high, according to Director of Economic indicators at The Conference Board, Lynn Franco.
“The expectations for the short-term have decreased somewhat, but are still optimistic. Overall, consumers expect the economy will continue to grow in the coming months, but you do not see, to accelerate the speed of growth,” said Franco.
These persons say that business conditions rose from “good” to 30.8 percent and 29.8 percent, while those saying business conditions are “said bad” fell to 12.7 percent from 13.9 percent, the Conference Board.
Consumers ‘ expectations for the labour market are also positive, with those saying jobs are “plentiful” to 32.8 percent from 30 percent, and anyone who claims that jobs are to plunge to get “hard to be” slightly to 18 percent from 18.3 percent.
For the short-term Outlook, consumers were less optimistic. To improve the expected business conditions in the next six months decreased to 20.4 percent from 21.5 percent. However, the expected business to worsen conditions, fell slightly to 9.9 percent from 10.3 percent.
The monthly Consumer Confidence Survey for The Conference Board by Nielsen.