WASHINGTON — U.S. consumer confidence rose in June, reflecting the partial re-opening of the country but the concern is that rising coronavirus cases in many states could jeopardize future gains.
The Conference Board, a New York-based research organization, said that its
Even with the June rebound, the confidence index remains well below its pre-pandemic levels. The reading on consumer confidence is closely watched for clues it can give about future consumer spending, which accounts for 70% of economic activity.
Martin Crutsinger, The Associated Press