Consumer research from Port Washington, N.Y.-based NPD Group shows more concern than confidence in the economy.
The June 2011 NPD U.S. Economic Perception Indicator, a measure of consumer confidence, is down slightly to an index reading of 39.5. The figure indicates consumers are slightly more concerned about the economy than they were last month, when the index stood at 40.0, or in the same month last year, when the index was also at 40.0.
The NPD Group's U.S. Economic Perception Indicator measures consumer beliefs about the current and near-term state of the U.S. economy, on a scale of 0 -- "very concerned" -- to 100 -- "very confident."
Source: The NPD Group Inc./The Economy Tracker, June 2011