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