FXstreet.com (Barcelona) - Consumer confidence has continued declining in June, for its sixth consecutive time, and the same accounts for the current situation as well as for the expectations indexes, according to the latest report by the US Conference Board.
The consumer confidence index has declined to a level of 50.4 in June, from 58.1 in May, while the present situation index fell to 64.5 in June from 74.2 in May. The expectations index has declined to 41.0 in June from 47.3 in May.
Lynn Franco, Director of The Conference Board Consumer Research Center, affirms: This month's Consumer Confidence Index is the fifth lowest reading ever. Consumers' assessment of present-day conditions continues to grow more negative and suggests the economy remains stuck in low gear.