US consumer sentiment slumps in June, but air travel vacation plans still holding up
The US Conference Board Consumer Confidence Index declined sharply in Jun-2010, from 62.7 in May-2010. It had previously been rising for three consecutive months. According to the Board, “Consumer Confidence…retreated sharply in June. 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.”
