Consumer Confidence Indicates Little Change in Economic Pace Jul 3, 2012

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The Conference Board Consumer Confidence Index in June 2012 was 62.0, down from 64.4 in May. The index's two main components showed mixed results in June: the Expectations Index was 72.3, down from 77.3 in May, while the Present Situation Index was up to 46.6, from 44.9 in May.

"Consumers were somewhat more positive about current conditions, but slightly more pessimistic about the short-term outlook. Income expectations, which had improved last month, declined in June. If this trend continues, spending may be restrained in the short-term," said Lynn Franco, Director of Economic Indicators at The Conference Board. "The improvement in the Present Situation Index, coupled with a moderate softening in consumer expectations, suggests there will be little change in the pace of economic activity in the near-term."

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