U.S. Consumer Confidence Shows Slight Increase in June Amid Economic Concerns

Why it matters locally: Missouri consumers, like those nationwide, may experience varying degrees of financial optimism or caution as they consider their personal spending and saving in light of this slight uptick in national confidence.

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The Conference Board announced Tuesday that its consumer confidence index increased by 0.6 points in June, reaching a total of 91.2. This marks a slight improvement from previous readings. Despite this rise, the index still sits below its reading from one year ago, when it registered at 95.2. Analysts track this index to gauge consumer sentiment regarding current economic conditions and future expectations.