Connect with us

News

Consumer Confidence Takes a Plunge

Advertisement

Increasingly worried about jobs and the economy – and perhaps about the situation in the Gulf of Mexico – U.S. consumer confidence took a nosedive in June.

Advertisement

The Conference Board confidence index dropped to 52.9 for the month, the lowest level since March and down nearly a full point from May’s 62.7 index.

“Increasing uncertainty and apprehension about the future state of the economy and labor market, no doubt a result of the recent slowdown in job growth, are the primary reasons for the sharp reversal in confidence,” said Lynn Franco, director of Conference Board’s consumer research center. “Until the pace of job growth picks up, consumer confidence is not likely to pick up.”

Advertisement
Click to comment

POPULAR POSTS

tire_safety_pack tire_safety_pack

News

TECH Offers Free Safety Packs For Tire Safety Month

Nokian-Warehouse Nokian-Warehouse

News

Nokian Tyres Opens New Illinois Warehouse

McCarthy-Tire-Service McCarthy-Tire-Service

News

McCarthy Tire Service Acquires Tire Division of TSS Group

Pirelli Announces U.S. Price Increase for PLT Tires

Connect
Tire Review Magazine