RTTNews - After showing a notable improvement in May, consumer confidence unexpectedly deteriorated in June, according to a report released by the Conference Board on Tuesday. The decrease reflected less favorable assessments of both current conditions and the near-term outlook.

The Conference Board said its consumer confidence index fell to 49.3 in June from a revised 54.8 in May. The decrease surprised economists, who had expected the index to edge up to 55.3 from the 54.9 originally reported for the previous month.

For comments and feedback: contact editorial@rttnews.com