Highlights
Bouncing a bit at lows is a fitting description for consumer confidence which rose a little more than 3 points but at a 65.9 level remains very subdued. June is revised 7 tenths higher to 62.7. Job readings are central in this report and show no significant change with more than 40 percent still describing jobs as hard to get. A bit more do see more jobs openings over the next six months but still pessimists are in the lead on this reading. Likewise for future income where more see a decrease than an increase.

Other readings include a drop in home buying plans which is offset by a rise in vehicle buying plans. Inflation expectations edged slightly higher but are well down from March and April when gas prices were near $4. The Dow isn't showing much reaction to this report whose job readings do not point to any sensational breakout in job growth or meaningful drop in the unemployment rate.

Market Consensus before announcement
The Conference Board's consumer confidence index fell 2.4 points in June to 62.0, the lowest reading since January. This was the fourth straight decline for the longest losing streak of the recovery. Weakness was centered in the consumer's view of the future with substantially more, 16.2 percent versus 12.9 percent in May, saying business conditions will worsen over the next six months. Fewer consumers see job availability improving over the next months and fewer see an increase ahead for their income. This last reading is a big negative for retailers which may begin to plan for less business during the holiday season. The assessment of current conditions was steady and soft.

2012 Release Schedule

Released On: 1/31 2/28 3/27 4/24 5/29 6/26 7/31 8/28 9/25 11/1 11/27 12/27 Release For: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec