Economy
June 28, 2019
Written by Peter Wright
Consumer confidence as reported by The Conference Board decline sharply in June following a downward revision of the May data.
The Conference Board measure of consumer confidence is quite a volatile indicator; therefore, we prefer to smooth the data with a moving average to reduce monthly variability. The composite value of consumer confidence in June was 121.5 with a three-month moving average (3MMA) of 127.3.
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