The Conference Board said sentiment rose from a downwardly revised 90.6 in May as moderating oil prices offered some relief, though the reading fell short of the 94.2 economist forecast.
U.S. consumer confidence rose modestly in June as moderating oil prices provided some relief to households. The Conference Board said its consumer confidence index increased to 91.2 from a downwardly revised 90.6 in May. The reading was below the 94.2 expected by economists polled by The Wall Street Journal, indicating sentiment improved only slightly despite easing energy costs.