Consumer confidence has moderated slightly for a second consecutive month, according to a Conference Board survey. The Expectations Index has slipped further into negative territory. However, the Present Situation Index has seen a moderate rise after declining over the past three months.

Consumers have mildly positive appraisals of current business conditions and their perceptions of the labor market have improved.

Looking ahead, consumers are more pessimistic about future business conditions and the labor market, although expectations for household incomes remain generally optimistic. Further details on the survey are available from the Conference Board.