Consumer confidence slides in June

Tue Jun 30, 2009 11:09am EDT
 
[-] Text [+]

NEW YORK (Reuters) - U.S. consumer confidence fell in June after two straight months of gains.

The Conference Board, an industry group, said on Tuesday its index of consumer attitudes dropped to 49.3 from 54.8 in May. The Present Situation Index slid to 24.8 from 29.7.

Americans saying jobs are "hard to get" increased to 44.8 percent from 43.9 percent the previous month, while those saying jobs are "plentiful" slid to 4.5 percent from May's 5.8 percent.

"The decline in the Present Situation index, caused by a less favorable assessment of business conditions and employment, continues to imply that economic conditions, while not as weak as earlier, are nonetheless weak," said Lynn Franco, director of The Conference Board's Consumer Research Center.

(Reporting by Gertrude Chavez-Dreyfuss; Editing by James Dalgleish)

 

More News

Canada seen moving up in economic rankings-report
Thursday, 13 Aug 2009 12:51pm EDT 
U.S. job growth unlikely in the next year-Conf Board
Monday, 10 Aug 2009 10:01am EDT 
Dollar up as confidence data dims risk demand
Tuesday, 30 Jun 2009 06:48pm EDT 
Stocks, oil fall as U.S. data dims recovery hopes
Tuesday, 30 Jun 2009 05:05pm EDT 

Featured Broker sponsored link