Consumer confidence fell to a record low in India last month as citizens grew more pessimistic about their jobs, incomes and spending, a survey from the central bank showed. Consumers' outlook on … 30 Jun 2020 38 2:24 Consumer confidence came roaring back in June. The Consumer Confidence Index rose in June, The Conference Board reported in a Tuesday (June 30) Meanwhile, the Present Situation Index, which looks at assessments by consumers of the current business and labor market, was measured at 86.2 in June, up from 68.4 last month.And the Expectations Index, which looks at consumers’ short-term predictions for the economy, was at 106 this month, an increase from 97.6 last month, the press release says.She said that the reopening of states in May and June, along with the payment of unemployment claims, helped raise confidence, although the Present Situation index didn’t inspire much hope, indicating an economy still mired in trouble.“Looking ahead, consumers are less pessimistic about the short-term outlook, but do not foresee a significant pickup in economic activity,” she said, according to the release. Regarding their short-term income prospects, the share of consumers expecting an increase improved from 14.6 percent to 15.1 percent, while the proportion expecting a decrease declined from 15.4 percent to 14.4 percent. Consumer Confidence In the Euro Area decreased to -15 points in July from -14.70 points in June of 2020. The percentage of consumers saying jobs are “plentiful” increased from 16.5 percent to 20.8 percent, while those claiming jobs are “hard to get” decreased from 29.2 percent to 23.8 percent.“The re-opening of the economy and relative improvement in unemployment claims helped improve consumers’ assessment of current conditions, but the Present Situation Index suggests that economic conditions remain weak,” Franco said.The short-term outlook became less pessimistic in June. Economists polled by MarketWatch expected a reading of 90.8 in June. Consumer confidence rose more than expected in June as the U.S. loosened stay-at-home and quarantine restrictions, raising hope for an economic recovery, according to data released Tuesday.The Conference Board's consumer confidence index rose to 98.1 for the month. We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.
Consumers were more inclined to say there were jobs available, with 20.8 percent saying jobs were “plentiful,” the press release said, where only 23.8 percent said jobs were hard to get.In the short-term outlook, consumers tended to be less pessimistic in June, with people predicting improved business conditions at 42.6 percent, around the same as last month. Consumer Index Juni 2020, Shopper und Handel auf dem Weg in eine "neue Normalität" This consumer confidence indicator provides an indication of future developments of households’ consumption and saving, based upon answers regarding their expected financial situation, their sentiment about the general economic situation, unemployment and capability of savings. The Consumer Confidence Index rose in June, The Conference Board reported in a Tuesday (June 30) press release, but it is still not back to pre-pandemic levels. "The re-opening of the economy and relative improvement in unemployment claims helped improve consumers' assessment of current conditions," said Lynn Franco, senior director of economic indicators at The Conference Board. 28 Jul. Economists polled by Dow Jones expected consumer confidence to rise to 91 from a May reading of 85.9. It stabilized in May and now is rising.“Consumer Confidence partially rebounded in June but remains well below pre-pandemic levels,” said Consumers’ assessment of current conditions improved in June. The Consumer Confidence Index (CCI) was recorded at a level of 83.8 in June 2020, up from 77.8 in May 2020.
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