June Executive Briefing

According to BIGresearch's June Executive Briefing, with a shaky housing market, pump prices draining consumers' wallets, and the war in Iraq, consumers have plenty to be concerned about in June...43.9% are confident/very confident in chances for a strong economy, down almost a point from May (44.7%), though an encouraging 8 point gain from June '06 (35.9%).  This month's reading is still down slightly from the pre-Katrina level recorded in June '05 (46.3%).

The U.S. will lose a powerful ally in the war on terror when Tony Blair steps down this month, and consumers might be feeling this impact...almost one in five (19.6%) consumers continue to worry about political and national security issues, up three points from last month (16.6%) and almost half a point from '06 (19.2%).

Declining confidence and record high pump prices in late May appear to have affected consumers' spending psyche...40.3% indicate in June that they've become more practical in their purchases, up from 36.7% last month and 39.9% in '06. Those focused on needs over wants on the rise as well...almost half (47.0%) are prioritizing spending based on needs, up from 44.8% in May, but slightly below last year's 49.8%.

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