US Consumer Confidence Jumps This Month - Forex News by FX Leaders
The sentiment reversed this month

US Consumer Confidence Jumps This Month

Posted Tuesday, June 30, 2020 by
Skerdian Meta • 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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About the author

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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