U.S. consumer confidence fell in June, canceling some of the growth showcased last month, according to a June 24 statement from business think tank The Conference Board (TCB).
The Conference Board’s Consumer Confidence Index deteriorated by 5.4 points in June, falling to 93 from 98.4 in May. Last month, it had rebounded by more than 12 points after five consecutive months of decline. TCB’s Confidence Survey reflects prevailing consumer and business attitudes, along with expectations for the months ahead.
