But a new survey shows confidence in the economy remains high. May. This was the second consecutive increase for the index, which is up almost 10 points since April.
Consumers say it's OK to go spend, but there's something .
Dunn said the index had been on a downward trend since January and February, which is usually high because of the holiday season. The current reading is greater than readings from last December and January, which topped out at 91. Researchers, however, said debt is on the rise at least partially because consumers feel confident enough about the economy to keep spending. The Ohio Consumer Confidence Index, also compiled by OSU, fell 1.5 points to 100.9 for the month of June. The national index, compiled by the University of Michigan, rose half a point to 107.3.