Email
Linkedin
Facebook
Twitter
Copy Link
Loading...
July 21, 2022 | Chart
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 tumbled again in March
March 25, 2025
PRESS RELEASE
US Consumer Confidence Dropped Sharply in February
February 25, 2025
PRESS RELEASE
US Consumer Confidence Retreated in January
January 28, 2025
IN THE NEWS
Yelena Shulyatyeva: January Consumer Confidence drops, inflation still a concern
January 28, 2025
PRESS RELEASE
US Consumer Confidence Pulled Back in December
December 23, 2024
PRESS RELEASE
US Consumer Confidence Improved Again in November
November 26, 2024
All release times displayed are Eastern Time
Charts
US Inflation Expectations Remain High As Inflation Surges
LEARN MORE
Charts
A special poll conducted in the March Consumer Confidence Survey focused on the perceived impact of the war in Ukraine on overall inflation in the US.
LEARN MORE
Charts
March Consumer Confidence Rises Despite Headwinds
LEARN MORE
Charts
Consumer Confidence Declined for Second Consecutive Month in February
LEARN MORE
Charts
The Conference Board Consumer Confidence Index® declined in November, following an increase in October. The Index now stands at 109.5 (1985=100), down from 111.
LEARN MORE
Charts
Global consumer confidence advanced to another record high in the third quarter of 2021..
LEARN MORE
Charts
The Conference Board Consumer Confidence Index® declined again in September, following decreases in both July and August. The Index now stands at 109.3 (1985=100), do…
LEARN MORE
Charts
The Conference Board Consumer Confidence Index® (CCI) was relatively unchanged in July, following gains in each of the prior five months. The Index now stands at 129.…
LEARN MORE
Charts
Consumer confidence for Asia-Pacific declined slightly in the second quarter of 2021.
LEARN MORE
Charts
Global consumer confidence ticked up to another record high in the second quarter of 2021, according to The Conference Board® Global Consumer Confidence Survey, as ec…
LEARN MORE
Connect and be informed about this topic through webcasts, virtual events and conferences
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
September 24, 2024 | Article
June CPI data support Fed rate cuts later this year
July 11, 2024 | Brief
Higher Interest Rates Will Force Consumers to Be More Frugal
March 07, 2024 | Quick Take
Retail Sales slipped further in March
April 14, 2023 | Brief
What’s Behind Conflicting US CEO & Consumer Confidence Readings?
March 12, 2025 11:00 AM ET (New York)
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
C-Suite Perspectives
The State of the Economy for June 2024
June 25, 2024
C-Suite Perspectives
The State of the Economy for April 2024
April 30, 2024
