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Saturday, July 4, 2020 8:48:25 PM EDT

Consumer Confidence Updated 30-Jun-20 10:30AM ET
The Conference Board's Consumer Confidence Index for June increased to 98.1 ( consensus 92.0) from a downwardly revised 85.9 (from 86.6) for May.

The Present Situation Index increased from 68.4 to 86.2.

The Expectations Index jumped from 97.6 to 106.0.

The improvement is welcome, yet the key takeaway from the report is that the index remains well below the February reading of 132.6, which predated the COVID-19 shutdown effort.

While consumers are less pessimistic than they were in May, the report notes that they do not see a significant pickup in economic activity.

Conference Board98.185.985.7118.8132.6
Present Situation86.268.473.0166.7169.3
Employment ('plentiful' less 'hard to get')-3.0-12.7-15.729.532.6
1 yr inflation expectations6.7%6.4%5.4%4.5%4.5%