Economy
June 27, 2016
Consumer Confidence in June 2016
Written by Peter Wright
Sources for the following article are the Conference Board and SMU analysis. Please see the end of this piece for an explanation of the indicator.
Consumer Confidence jumped from 92.4 in May, the lowest value in 19 months, to 98.0 in June which was the highest value in 8 months. Included below is the official news release from the Conference Board. The three month moving average (3MMA) rose from 94.4 in May to 95.0 in June. We prefer to smooth the data in this way because of monthly volatility which in the case of consumer confidence has been quite extreme since the beginning of last year. The 3MMA of the present situation is now below its six year trend and that of expectations has been below its six year trend for the last nine months (Figure 1).
