US consumer confidence improved in June, the Conference Board reported, surprising many analysts expecting a decline.

The consumer confidence index rose to 105.7 in June after 104.7 in May. Analysts on average had expected a reading of 103.9.

“The slight bounce-back in confidence this month was a result of the moderate improvement in consumers’ expectations,” said Lynn Franco, research director for the business research organization.

“Despite the uptick, consumers remain concerned about the short-term outlook.
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