Americans' view of the economy slides in June, wiping out gains from previous month
WASHINGTON — Americans' view of the U.S. economy worsened in June, resuming a downward slide that had dragged consumer confidence to its lowest level since the COVID-19 pandemic five years ago.
The Conference Board said Tuesday that its consumer confidence index slid to 93 in June, down 5.4 points from 98.4 last month, which represented a brief uptick. In April, American consumers' confidence in the economy sank to its lowest reading since May 2020, largely due to anxiety over the impact of President Donald Trump's tariffs .
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