U.S. Consumer Confidence Index Inches Slightly Higher In June

India, June 30 -- A report released by the Conference Board on Tuesday showed a modest increase by its U.S. consumer confidence index in the month of June.

The Conference Board said its consumer confidence index inched up to 91.2 in June from a downwardly revised 90.6 in May.

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Economists had expected the consumer confidence index to rise to 94.8 from the 93.1 originally reported for the previous month.

"Consumer confidence inched up in June as falling oil prices in recent weeks provided some relief to consumer inflation fears," said Dana M Peterson, Chief Economist, The Conference Board.

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