- The Present Situation Index increased to 141.5 from 140.8.
- 19.6% of consumers reported business conditions as “good,” down from 20.8%.
- 38.1% of consumers found jobs “plentiful,” up from 37.0%, while those saying jobs were “hard to get” decreased slightly to 14.1%.
Future Expectations Decline
The Expectations Index, indicating consumers’ outlook for income, business, and labor market conditions, dropped to 73.0 from 74.9:
- 12.5% of consumers expect business conditions to improve, down from 13.7%.
- 16.7% anticipate worsening conditions, a slight decrease from 16.9%.
- Expectations for more jobs fell to 12.6% from 13.1%, with fewer expecting job losses (17.3% down from 18.8%).
Income and Financial Concerns
Consumer sentiment towards future income deteriorated:
- 15.2% expect an increase in income,…
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