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Consumer confidence up in June, highest level since pandemic

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Consumer confidence up in June, highest level since pandemic

U.S. consumer confidence rose for a fifth month in June to the highest level since the pandemic began last year as households responded to increased vaccinations and the further re-opening of businessesBy MARTIN CRUTSINGER AP Economics WriterJune 29, 2021, 2:11 PM• 1 min readShare to FacebookShare to TwitterEmail this articleWASHINGTON — U.S. consumer confidence rose for a fifth month in June to the highest level since the pandemic began last year as households responded to increased vaccinations and the further re-opening of businesses.The Conference Board reported Tuesday that its consumer confidence index increased to 127.3 in June, up from a May reading of 120.0.The June increase reflected an improvement in consumers’ assessment of current conditions.Consumer sentiment is expected to keep rising in coming months which will provide more support for consumer spending, which accounts for 70% of economic activity.


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