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US Consumer confidence strengthen in June

Tuesday, Jun 30 2015
The Conference Board’s index of consumer confidence increased to 101.4 in June from 94.6 a month earlier. Analysts were expecting a reading of 97.4. After a three-month slide, the Present Situation Index increased, propelled by a more positive assessment of the labor market. Expectations, however, were relatively flat following a steep decline in April. While current conditions in the second quarter appear to be improving, consumers still remain cautious about the short-term outlook.
 
Separate report on Chicago PMI showed that Barometar increased 3.2 points to 49.4 in June from 46.2 in May, up from February’s 5½-year low but spending the fourth month below 50 since the start of the year. This was also below forecasted incline to 50.4. Despite the modest improvement in June, the Barometer declined to 49.3 in Q2 from 50.5 in the previous quarter, the lowest since Q3 2009, a signal that the bounceback in economic growth in Q2 may be weaker than expected.
 
Data did not have any major impact on the markets. Euro is currently being traded slightly below 1.12 handle, Sterling is around 1.5740 area, while Aussie is above 0.77 level.
More in this category: « Eurozone CPI down in June, but remains above deflation territory China's manufacturing sector activity expanded slightly in June »

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