The Conference Board’s Consumer Confidence Index declined to 52.9 in June (1985=100) compared with 62.7 in May, the Conference Board reported yesterday. The Present Situation Index decreased to 25.5 in June from 29.8 in May, and the Expectations Index declined to 71.2 from 84.6 last month, according to the report.
“Consumer confidence, which had posted three consecutive monthly gains and appeared to be gaining some traction, retreated sharply in June,” said Lynn Franco, director of The Conference Board Consumer Research Center.“Increasing uncertainty and apprehension about the future state of the economy and labor market, no doubt a result of the recent slowdown in job growth, are the primary reasons for the sharp reversal in confidence. Until the pace of job growth picks up, consumer confidence is not likely to pick up.”
Consumers' assessment of current conditions was less favorable in June, with those claiming business conditions are "good" decreasing to 8 percent in June compared with 9.7 percent in May, while those claiming conditions are "bad" increasing to 42.4 percent in June compared with 39.5 percent in May. Consumers' appraisal of the job market also was less favorable, according to the report.
Having lived, attended schools, worked and raised a family in Santa Barbara, Don has a unique and in depth knowledge of Santa Barbara County. He has been a top producer for over 26 years in his association with Coldwell Banker and their predecessors. Don specializes in neighborhoods such as the Upper Westside of Santa Barbara, the lavish Bel Air Knolls, and Cold Springs in Montecito. With an in depth knowledge of these neighborhoods and their buying/selling history, he is better capable of getting your house on the market, getting it noticed, and getting it sold effectively. His experience in Santa Barbara will lead you to find that house that best suits your needs.
Don was raised in Santa Barbara. In his youth he played football in high school and college. Don and his wife Holly have been married for over 40 years and have three adult children, two sons and a married daughter. They are proud Grandparents of four young children. Don's idea of a fun vacation is backpacking in the wilderness with his extended family. Don's first love is his family followed by tennis and the wonderful and inspiring escape to nature during vacation.
No comments:
Post a Comment