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Consumer Confidence
Released On 6/25/2013 10:00:00 AM For Jun, 2013
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Confidence - Level76.2 74.3 75.0 72.5  to 79.5 81.4 

Highlights
Consumer confidence is at a recovery best, at 81.4 in June and up nearly 7 points from a revised 74.3 in May for the third straight strong gain. The assessment of the present situation is also up for a third straight month, at a recovery best 69.2 which hints at general strength for the slate of June indicators. But the gain here does mask a small uptick in those who say jobs are hard to get, now at 36.9 percent for a 5 tenths increase that does not point to new gains for the June employment report.

Expectations are also at a recovery best, up nearly 9 points to 89.5 and reflecting rising confidence in the long-term outlook for the jobs market. The outlook for income is likewise climbing with more now seeing an increase ahead vs those seeing a decrease. This is an important indication that hints at gains for consumer spending including discretionary spending.

Inflation expectations edged higher, up 2 tenths to 5.5 percent which for this reading is still moderate. Buying plans shows gains for autos and a slight uptick for homes.

Most of the readings in this report are solid as a stable jobs market, rising home prices, and stable gasoline prices are all factors lifting consumer confidence. Next data on the consumer will be Thursday with the Bloomberg consumer comfort index followed on Friday with the consumer sentiment report both of which, like today's report, are at or near recovery bests.

Recent History Of This Indicator
The Conference Board's consumer confidence index jumped 7.2 points in May to a recovery best level of 76.2. Adding to the general showing of strength was a 9 tenths upward revision to April to 69.0. The assessment of the present situation posted at a recovery best of 66.7, up nearly 6 points from April. This run includes jobs as more say jobs are plentiful, 10.8 percent versus April's 9.7 percent, and fewer say jobs are hard to get, at 36.1 percent for an 8 tenth improvement from April's 36.9 percent. The assessment of expectations, at 82.4 for an 8.1 point jump, has been higher this recovery, but not by much. Fewer consumers were concerned over their income outlook and more see jobs opening up six months from now. Expectations for general business conditions showed significant improvement over April.

Definition
The Conference Board compiles a survey of consumer attitudes on the economy. The headline Consumer Confidence Index is based on consumers' perceptions of current business and employment conditions, as well as their expectations for six months hence regarding business conditions, employment, and income. Three thousand households across the country are surveyed each month. In general, while the level of consumer confidence is associated with consumer spending, the two do not move in tandem each and every month.  Why Investors Care
 
[Chart]
Typically retail sales will move in tandem with consumer optimism - although not necessarily each and every month.
Data Source: Haver Analytics
 

 

2013 Release Schedule
Released On: 1/292/263/264/305/286/257/308/279/2410/2911/26
Release For: JanFebMarAprMayJunJulAugSepOctNov
 


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