The consumer confidence index fell to 58.5 in June from an upwardly revised 61.7 last month, the Conference Board reported Tuesday.
Economists polled by Thomson Reuters had predicted a 60.5 reading.
The present situation index dipped to 37.6 from an unrevised 39.3, while the expectations index dropped to 72.4 from an upwardly revised 76.7.
Business conditions were called “good” by 14.3% of respondents in June, the same as in May. Those calling conditions “bad” grew to 38.0% from 37.2%.
The percentage of consumers expecting a pickup in business conditions in the next half year fell to 16.4% from 17.2%, while 14.7% said they expect conditions to worsen, down from 15.4% in May.
On the jobs front, those who believe jobs are “plentiful” dipped to 5.2% in June from 5.7% in May, while the number saying jobs are “hard to get” increased to 43.8% from 43.5%.
The respondents who see fewer jobs becoming available in the next half year held at 20.3%. Those expecting more jobs to become available dipped to 14.2% from 16.7%, according to the Conference Board.
