The Conference Board Consumer Confidence Index® Declines Again
NEW YORK, June 26, 2012
NEW YORK, June 26, 2012 /PRNewswire/ -- The Conference Board Consumer
Confidence Index®, which had declined in May, fell further in June. The Index
now stands at 62.0 (1985=100), down from 64.4 in May. The Expectations Index
declined to 72.3 from 77.3. The Present Situation Index, however, increased to
46.6 from 44.9 last month.
The monthly Consumer Confidence Survey®, based on a probability-design random
sample, is conducted for The Conference Board by Nielsen, a leading global
provider of information and analytics around what consumers buy and watch. The
cutoff date for the preliminary results was June 14.
Says Lynn Franco, Director of Economic Indicators at The Conference Board:
"Consumer Confidence declined in June, the fourth consecutive moderate
decline. Consumers were somewhat more positive about current conditions, but
slightly more pessimistic about the short-term outlook. Income expectations,
which had improved last month, declined in June. If this trend continues,
spending may be restrained in the short-term. The improvement in the Present
Situation Index, coupled with a moderate softening in consumer expectations,
suggests there will be little change in the pace of economic activity in the
Consumers' assessment of current conditions improved slightly in June. Those
claiming business conditions are "good" increased to 14.9 percent from 13.6
percent, however, those saying business conditions are "bad" increased to 35.1
percent from 34.7 percent. Consumers' appraisal of the job market was mixed.
Those stating jobs are "hard to get" increased to 41.5 percent from 40.9
percent, while those claiming jobs are "plentiful" increased to 7.8 percent
from 7.5 percent.
Consumers have grown less upbeat about the short-term outlook. The percentage
of consumers anticipating business conditions to improve over the next six
months declined to 15.5 percent from 16.6 percent, while those expecting
business conditions will worsen increased to 16.2 percent from 12.9 percent.
Consumers' outlook for the labor market was mixed. Those anticipating more
jobs in the months ahead declined to 14.1 percent from 15.4 percent, while
those expecting fewer jobs also declined to 20.6 percent from 21.5 percent.
The proportion of consumers expecting an increase in their incomes declined to
14.8 percent from 15.7 percent.
The Conference Board Consumer Confidence Survey®
About The Conference Board
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the world's leading organizations with the practical knowledge they need to
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the United States. www.conference-board.org
Nielsen Holdings N.V. (NYSE: NLSN) is a global information and measurement
company with leading market positions in marketing and consumer information,
television and other media measurement, online intelligence, mobile
measurement, trade shows and related properties. Nielsen has a presence in
approximately 100 countries, with headquarters in New York, USA and Diemen,
the Netherlands. For more information, visit www.nielsen.com.
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