The State of the Economy for June 2024

Consumer confidence has pulled back in June, according to The Conference Board Consumer Confidence Index®. The index dipped to 100.4, down from 101.3 in May, with consumers expressing mixed feelings on the labor market and short-term business outlook. 

 

Join Markus Schomer, Senior Economist with The Conference Board, and Dana Peterson, Chief Economist and Leader of the Economy, Strategy & Finance Center, to find out why consumer confidence continues to decline—and what that means for US and global economic growth.  

 

(00:31) June Consumer Confidence Survey Insights

(00:53) Factors Influencing Consumer Confidence 

(02:04) Age and Income Differentiation in Confidence

(02:58) Present Situation and Expectations Indices

(06:09) Consumer Views on Recession and Inflation

(07:49) Interest Rates, Stock Market, and Finances

(10:16) Consumer Spending and Buying Plans

(13:50) Outlook for the U.S. Economy

(17:04) Global Economic Outlook