Consumer confidence drops in June

Author:
Updated:
Original:

The consumer confidence index fell for a fourth straight month in June.

“Consumers were somewhat more positive about current conditions, but slightly more pessimistic about the short-term outlook,” Lynn Franco, director of economic indicators at The Conference Board, said in a statement.

Income expectations, which had improved last month, declined in June. The trend suggests that there will be little change in the pace of near-term economic activity, Franco said.

The index stands at 62, down from 64.4 in May.

The Expectations Index declined to 72.3 from 77.3. The Present Situation Index, however, increased to 46.6 from 44.9 last month.

Consumers' assessment of current conditions improved slightly in June. Those who said business conditions are good increased to 14.9 percent from 13.6 percent; however, those who said business conditions are bad increased to 35.1 percent from 34.7 percent.

Click here for the full release.

Related

Service to Send $1 Billion to State Wildlife Agencies

U.S. Fish and Wildlife Service will distribute funds to states to bolster conservation projects and recreational opportunities.

Quick Hits: March 1, 2021

Safe Harbor Newport Shipyard adds SF Marina floating dock array.

Patrick Supports Care Camps

The outdoors camps for children with cancer receive a first-time gift and marketing support from Patrick Industries.

Brunswick Creates Autonomy Position

The company promoted Jason Arbuckle to marine autonomy technology lead, with a focus on incorporating autonomous and driver-assist features into its product line.

STAR BRITE DEBUTS NEW MARINE DESCALING FLUID

Star brite introduces Marine Descaling Fluid—a powerful, easy way to descale raw water-cooled systems using recirculation. It saves time, energy, and a lot of headache, allowing for a faster, cost-effective return-to-service for equipment.

NAW Elects 2021 Officers

Michael Medart of Medart Engine and Marine takes the helm as chairman of the National Association of Wholesaler-Distributors board.

Caterpillar Names Global Manager

Alex Berg will lead the manufacturer’s pleasure craft and yachting segment.