Overview

• Consumer confidence fell by 5.4 points in June to a reading of 93, erasing nearly half of May’s gains, according to the Conference Board.
• Economists polled by FactSet had predicted a one-point increase in the index, highlighting the sharper-than-expected downturn.
• Tariffs were most frequently cited as a concern, with many consumers warning they could push up prices and slow economic growth.
• Mentions of geopolitics and social unrest rose slightly in the survey but remained lower-ranking factors in consumer sentiment.
• The data were collected through June 18, days before the US bombing of Iran’s nuclear facilities intensified Middle East tensions.