The consumer confidence index posted its first decline in four months in June as it fell below economist estimates to 52.9, the Conference Board reported yesterday.

The median forecast in a Thomson Reuters survey of economists had called for consumer confidence to fall to 63.0 from an originally reported 63.3 in May. The May reading was also revised downward to 62.7. The sentiment gauge has a baseline of 100, which reflects readings in 1985.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.