US consumer confidence declined in June

In the US, consumer confidence fell to a minimum level since September 2017. According to the Conference Board, the corresponding index in June was 121.5 points, down from the May value of 131.3 points. Forecasts of economists suggested a decrease in the index to just 131 points. The indicator characterizing the attitude of Americans to the current financial situation dropped to 162.6 points from 170.7 points a month earlier. Consumer expectations for the next 6 months have deteriorated to 94.1 points from 105 points. In the next 6 months, 18.7% of consumers who took part in the survey expect an improvement in market conditions, whereas in the previous month, 21.4% of respondents adhered to this opinion. This month, the number of US citizens has also declined, predicting an increase in the number of jobs in the next six months. The percentage of such citizens was 17.3% versus 18.4% in May. In the next 6 months, 19.1% of Americans expect salary increases, whereas in May they were 22.2%.

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