U.S. consumer confidence grew more than expected in June, strengthening views that the economic downturn was likely over, though rising COVID-19 infections threatened to derail the budding recovery.
The Conference Board said on Tuesday its consumer confidence index rose to a reading of 98.1 this month from a downwardly revised 85.9 in May. Still, confidence remains 34.5 points below its pre-pandemic level. Economists polled by Reuters had forecast the index would rise to 91.8 in June.
“Faced with an uncertain and uneven path to recovery, and a potential COVID-19 resurgence, it’s too soon to say that consumers have turned the corner and are ready to begin spending at pre-pandemic levels.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
NHL Says 26 Players Have Tested Positive For COVID-19 Since June 8The NHL is releasing its COVID-19 numbers ... with the league reporting 26 out of roughly 250 players have tested positive for the virus since June 8.
Lire la suite »
China reports 19 new COVID-19 cases, including seven in BeijingChina on Tuesday reported 19 new coronavirus cases in the mainland for June 29, up from 12 a day earlier, the health authority said. There were no new deaths.
Lire la suite »
19 business owners share their silver linings of the COVID-19 pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Lire la suite »
Brazil caps record week for Covid-19 cases - latest updatesBrazil has its worst week yet of the coronavirus pandemic in terms of new cases. Here are other updates 🇦🇺 Australia becomes first country to use saliva tests 🇨🇳 China reports 12 new cases 🇲🇽 Mexico registers more than 4,000 new infections Read more:
Lire la suite »
Mainland China reports 12 new COVID-19 cases vs 17 a day earlierMainland China reported 12 new confirmed COVID-19 cases as of end of June 28, down from 17 reported a day earlier, the country's National Health Commission (NHC) said on Monday.
Lire la suite »
GOP Senator Implores Trump To Wear A Mask And Let COVID-19 Experts Do The Talking'It would help if from time to time the president would wear one,' said Senate health committee Chairman Sen. Lamar Alexander.
Lire la suite »