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.
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