Reported 8 months ago
US consumer confidence has declined this month due to a less optimistic view regarding business conditions, the job market, and incomes. The Conference Board reported a drop in sentiment to 100.4, with expectations for the next six months falling by nearly 2 points to 73. Concerns about prices eased slightly, while consumers noted high grocery prices. Buying plans for vehicles and appliances decreased, but more respondents expressed intent to take vacations. The view of the current labor market saw a slight improvement, with consumers feeling jobs were more 'plentiful'. Overall, confidence has remained restrained over the past years due to factors like rising costs and a softening labor market.
Source: YAHOO