Deloitte's Consumer Spending Index Falls in June

New York, NY, Aug. 2, 2011 --  The Deloitte Consumer Spending Index fell again in June, the company said.

The index tracks consumer cash flow as an indicator of future consumer spending.

“While most of the economic indicators contributing to the index have remained in negative territory over the past three months, there is a positive sign in that we may be at an inflection point,” said Carl Steidtmann, Deloitte’s chief economist and author of the monthly Index.

“The most recent month signals the beginning of stabilization in the housing market with a slight rise in real home prices. Should this momentum continue and if unemployment claims edge down, consumers may begin to regain confidence in the recovery and their finances later in the year.”

The index comprises four components —- tax burden, initial unemployment claims, real wages, and real home prices.