NEW YORK, June 25, 2019 /PRNewswire/ -- The Conference
Board Consumer Confidence Index® declined
in June, following an increase in May. The Index now stands at
121.5 (1985=100), down from 131.3 in May. The Present Situation
Index – based on consumers' assessment of current business and
labor market conditions – decreased from 170.7 to 162.6. The
Expectations Index – based on consumers' short-term outlook for
income, business and labor market conditions – decreased from 105.0
last month to 94.1 this month.
"After three consecutive months of improvement, Consumer
Confidence declined in June to its lowest level since September 2017 (Index, 120.6)," said Lynn Franco, Senior Director of Economic
Indicators at The Conference Board. "The decrease in the Present
Situation Index was driven by a less favorable assessment of
business and labor market conditions. Consumers' expectations
regarding the short-term outlook also retreated. The escalation in
trade and tariff tensions earlier this month appears to have shaken
consumers' confidence. Although the Index remains at a high level,
continued uncertainty could result in further volatility in the
Index and, at some point, could even begin to diminish consumers'
confidence in the expansion."
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.
Consumers' appraisal of current-day conditions declined in June.
Those claiming business conditions are "good" decreased from 38.4
percent to 36.7 percent, however, those saying business conditions
are "bad" also decreased, from 11.7 percent to 10.9 percent.
Consumers' assessment of the labor market was also somewhat less
upbeat. Those saying jobs are "plentiful" decreased from 45.3
percent to 44.0 percent, while those claiming jobs are "hard to
get" rose from 11.8 percent to 16.4 percent.
Consumers were less optimistic about the short-term outlook in
June. The percentage of consumers expecting business conditions
will be better six months from now decreased from 21.4 percent to
18.1 percent, while those expecting business conditions will worsen
rose from 8.8 percent to 13.1 percent.
Consumers' outlook for the labor market was also less favorable.
The proportion expecting more jobs in the months ahead decreased
from 18.4 percent to 17.3 percent, while those anticipating fewer
jobs increased from 13.0 percent to 14.8 percent. Regarding their
short-term income prospects, the percentage of consumers expecting
an improvement decreased from 22.2 percent to 19.1 percent, while
the proportion expecting a decrease inched up from 7.8 percent to
8.0 percent.
Source: June 2019 Consumer
Confidence Survey®
The Conference Board
The Conference Board publishes the Consumer Confidence
Index® at 10 a.m. ET
on the last Tuesday of every month. Subscription information and
the technical notes to this series are available on The Conference
Board website:
https://www.conference-board.org/data/consumerdata.cfm.
About The Conference Board
The Conference Board is the
member-driven think tank that delivers trusted insights for what's
ahead. Founded in 1916, we are a non-partisan, not-for-profit
entity holding 501 (c) (3) tax-exempt status in the United States.
www.conference-board.org.
About NIELSEN
Nielsen Holdings plc (NYSE: NLSN)
is a global performance management company that provides a
comprehensive understanding of what consumers watch and buy.
Nielsen's Watch segment provides media and advertising clients with
Total Audience measurement services for all devices on which
content — video, audio and text — is consumed. The Buy segment
offers consumer packaged goods manufacturers and retailers the
industry's only global view of retail performance measurement. By
integrating information from its Watch and Buy segments and other
data sources, Nielsen also provides its clients with analytics that
help improve performance. Nielsen, an S&P 500 company, has
operations in over 100 countries, covering more than 90 percent of
the world's population. For more information,
visit www.nielsen.com.
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SOURCE The Conference Board