Economy

U.S. consumer confidence June 2020

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A shopper walks with bags of purchases. Pedestrian and vehicular traffic have noticeably increased as businesses mark the next phase of reopening the economy today in New York City.

John Lamparski | SOPA Images | Getty Images

Consumer confidence rose more than expected in June as the U.S. loosened stay-at-home and quarantine restrictions, raising hope for an economic recovery, according to data released Tuesday.

The Conference Board’s consumer confidence index rose to 98.1 for the month. Economists polled by Dow Jones expected consumer confidence to rise to 91 from a May reading of 85.9.

“The re-opening of the economy and relative improvement in unemployment claims helped improve consumers’…



Source cnbc.com

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