All three of IHP’s Consumer Confidence indices increased in June 2024. The Index of Consumer Sentiment (ICS), the broadest measure of the public’s view of their personal economic status and the national economy increased 7 points to 36 points. The Index of Consumer Expectations (ICE), which tracks future perceptions also increased 7 points to 40 points and the Index of Current Conditions (ICC), a measure of perceptions of current conditions, increased 6 points to 30 points. This is the highest indices value recorded since late 2021.

The Current Buying Conditions measure reached a new peak of 29 points in June, indicating an increased demand for purchases.

IHP consumer confidence indices range from zero to a potential maximum of 100, with levels below 50 indicating net pessimism. They follow the same methodology commonly used in the United States and Europe, with data collected by telephone interviews. These estimates are based on 17,179 interviews conducted between Oct. 21, 2021–Jul. 7, 2024, including 447 interviews conducted in June 2024, with sample sizes varying between indices depending on response rates and responses weighted to match the national population.