Lance Chueng/USDA via flickr
The updated figures show that the indicator value was 98.4 points in May, rather than the previously stated 98 points.
According to Trading Economics, experts anticipated that the index would increase to 100 points from the previously reported level in May.
The sub-index reflecting US consumers' views on the current situation dropped by 6.4 points in June to reach 129.1 points.
The consumer expectations indicator dropped by 4.6 points, reaching a total of 69 points. An indicator value lower than 80 points frequently suggests the beginning of an economic recession within a year.
source: tradingeconomics.com
According to Trading Economics, experts anticipated that the index would increase to 100 points from the previously reported level in May.
The sub-index reflecting US consumers' views on the current situation dropped by 6.4 points in June to reach 129.1 points.
The consumer expectations indicator dropped by 4.6 points, reaching a total of 69 points. An indicator value lower than 80 points frequently suggests the beginning of an economic recession within a year.
source: tradingeconomics.com