US Consumer Confidence Jumps This Month
The CB consumer sentiment made a u-turn this month
Skerdian Meta•Tuesday, June 30, 2020•1 min read
The US CB consumer confidence took a deep dive during March and April, falling from above 130 points to around 85 points. In May the sentiment was little changed, but today we saw a jump higher, as the reopening is increasing sales and the confidence among US consumers. Expectations were for a small improvement to 91.4 points, but the sentiment grew to 98.1 points in June.
June US consumer confidence data
- June Conference Board consumer confidence 98.1 vs 91.4 expected
- May reading was 86.6 (revised to 85.9)
- Expectations 106.0 vs 96.9 prior
- Present situation 86.2 vs 71.1 prior
- Labor differential -3.0 vs -12.7 prior
- 12-month inflation expectations 6.7% vs 6.4% prior
- Jobs hard-to-get 23.8 vs 29.2 prior
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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