WASHINGTON, DC – American consumer confidence, as measured by the Refinitiv/Ipsos Primary Consumer Sentiment Index, is at 48.8 for the month of June 2020. The index, which reflects consumers’ assessments of present conditions and …
This gauge of the U.S. consumer went into free fall in March and April as the economy went into lockdown and coronavirus infections surged. ... About the Index of consumer confidence.
The University of Michigan's consumer sentiment for the US fell to 73.2 in July of 2020 from 78.1 in June, well below market forecasts of 79, due to the widespread resurgence of the coronavirus, preliminary estimates showed. The percentage of consumers claiming business conditions are "good" rose from 16.4 percent to 17.4 percent, while those claiming business conditions are "bad" decreased from 51.2 percent to 43.2 percent. It is conducted monthly by The Conference Board of Canada and is administered by Leger. A Economists polled by Dow Jones expected consumer confidence to rise to 91 from a May reading of 85.9. The percentage of consumers expecting business conditions will improve over the next six months was virtually unchanged at 42.6 percent, while those expecting business conditions will worsen decreased from 20.5 percent to 15.3 percent. We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. The consumer confidence survey has been ongoing since 1960. ""Faced with an uncertain and uneven path to recovery, and a potential COVID-19 resurgence, it's too soon to say that consumers have turned the corner and are ready to begin spending at pre-pandemic levels," said Franco.The board's present situation index rose to 86.2 from 68.4 while the short-term outlook among consumers also improved. Our Index of consumer confidence nudged up 16 points this month to 79.7 (2014 = 100), roughly two-thirds of its pre-pandemic level (120.6) Consumer confidence improved across all regions this month. States across the country have ramped up efforts to reopen the U.S. economy by easing some measures aimed at curbing the Got a confidential news tip? Website June 18, 2020. The Conference Board issues its June snapshot of U.S. consumer confidence Tuesday. "The re-opening of the economy and relative improvement in unemployment claims helped improve consumers' assessment of current conditions," said Lynn Franco, senior director of economic indicators at The Conference Board. Regarding their short-term income prospects, the percentage of consumers expecting an increase improved from 14.6 percent to 15.1 percent, while the proportion expecting a decrease declined from 15.4 percent to 14.4 percent.The Conference Board publishes the Consumer Confidence IndexCopyright © 2020 PR Newswire Association LLC.
All Rights Reserved. TOP STORIES Gunning for The Duke: Dems push to rename John … Consumers' outlook for the labor market was mixed. This … … Consumers' assessment of the job market was also more favorable. Data is a real-time snapshot *Data is delayed at least 15 minutes. The current conditions subindex declined to 84.2 from 87.1 and the expectations one to 66.2 from 72.3. NEW YORK, June 30, 2020 /PRNewswire/ -- The Conference Board Consumer Confidence Index ® increased in June, after virtually no change in May. Franco noted, however, "the Present Situation Index suggests that economic conditions remain weak. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.A shopper walks with bags of purchases in New York. Consumer confidence in the U.K. increased slightly in June compared with the end of May but remained in deep negative territory, data from GfK showed Friday. The percentage of consumers saying jobs are "plentiful" increased from 16.5 percent to 20.8 percent, while those claiming jobs are "hard to get" decreased from 29.2 percent to 23.8 percent.Consumers' short-term outlook was less pessimistic in June. Looking ahead, consumers are less pessimistic about the short-term outlook, but do not foresee a significant pickup in economic activity. "Consumer Confidence partially rebounded in June but remains well below pre-pandemic levels," said Consumers' appraisal of current conditions improved in June.
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