Conference Board Consumer Confidence Index retreats
27 Jun '07
2 min read
Consumers remain guarded about short-term prospects. Those anticipating business conditions to improve in the next six months rose slightly to 16.1 percent from 15.3 percent. Those expecting business conditions to worsen, however, edged up to 11.0 percent from 10.2 percent.
Once again, the outlook for the labor market was mixed. Those expecting more jobs in the months ahead edged up to 14.0 percent from 13.6, while those anticipating fewer jobs also increased to 17.0 percent from 15.6 percent. The proportion of consumers expecting their incomes to increase in the months ahead was relatively unchanged at 18.7 percent.
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