Email
Linkedin
Facebook
X
Copy Link
Loading...
July 21, 2022 | Quick Take
In June*, consumer confidence slipped somewhat even as some spending categories continue to see growth. Consumers reported that they were less likely to purchase big-ticket items (like cars, homes and appliances) but that they were still hungry for services. Indeed, recent personal consumption expenditures data showed strong growth in services and a retreat from goods.
Home entertainment and dining out are the top activities consumers intend to engage in over the next few months as the shift to services continues. While vacation plans have softened somewhat due to rising prices, 47 percent of respondents said they are still “greatly” or “somewhat” inclined to travel. Spending on in-person services has been slow to rebound from the pandemic, but has been a major consumption theme in 2022 due to pent-up demand (often at the expense of demand for goods).
However, looking ahead over the next six months consumer spending and economic growth are likely to continue facing strong headwinds from further inflation and interest rate hikes. The Conference Board forecasts that US economic growth will slow over the course of this year and that a shallow recession will occur in late 2022 and early 2023.
For more information about the details of our June Consumer Confidence Survey, please visit our website.
* Note that our July Consumer Confidence Survey will be released on Tuesday, July 26.
Connect and be informed about this topic through webcasts, virtual events and conferences
PRESS RELEASE
US Consumer Confidence Inched Up Again in March
March 31, 2026
PRESS RELEASE
Men Lead Spending on “Little Luxuries” amid Growing Economic Caution
November 19, 2025
PRESS RELEASE
Americans Likely to Tighten Their Belts this Holiday Season
November 11, 2025
PRESS RELEASE
New Data Reveal the Demographic Divides Driving US Consumer Confidence
October 23, 2025
PRESS RELEASE
The Conference Board Launches Consumer Confidence Survey® Premium Dataset
October 23, 2025
IN THE NEWS
Dana M. Peterson: Where Consumer Confidence is headed
September 07, 2025
All release times displayed are Eastern Time
Note: Due to the US federal government shutdown, all further releases for The Conference Board Employment Trends Index™ (ETI), The Conference Board-Lightcast Help Wanted OnLine® Index (HWOL Index), The Conference Board Leading Economic Index® of the US (US LEI) and The Conference Board Global Leading Economic Index® (Global LEI) data may be delayed.
Connect and be informed about this topic through webcasts, virtual events and conferences
Current Consumer Confidence in AI
March 25, 2026 | Report
The End of Student Loan Relief: Another Headwind for Consumer Spending
August 07, 2025 | Quick Take
How Businesses Can Succeed as US Consumers Guard Wealth, Health Amid Uncertainty
May 12, 2025 | Article
Social Standing: Current Attitudes About Social Media
April 02, 2025 | Article
Politics Shapes US Consumer Views About 2025
February 10, 2025 | Report
US Consumers Hope for Lower Prices and Taxes in 2025
December 17, 2024 | Article
Priced Out: The State of US Housing Affordability
February 11, 2026
Economy Watch: Trends in Consumer & CEO Confidence
November 12, 2025
C-Suite Perspectives
The State of the Economy for August 2024
August 27, 2024
C-Suite Perspectives
The State of the Economy for July 2024
July 30, 2024
