The Conference Board’s consumer confidence index decreased in June, following an increase in May. The index fell to a reading of 126.4 (1985=100) from 128.8 in May.

“Consumer confidence declined in June after improving in May,” said Lynn Franco, director of economic indicators at The Conference Board. “Consumers’ assessment of present-day conditions was relatively unchanged, suggesting that the level of economic growth remains strong. While expectations remain high by historical standards, the modest curtailment in optimism suggests that consumers do not foresee the economy gaining much momentum in the months ahead.”

Consumers’ outlook for the labor market was slightly more favorable. The proportion expecting more jobs in the months ahead increased marginally to 20.0% from 19.7%, while those anticipating fewer jobs decreased to 12.6% from 13.1%.

The number of consumers stating that jobs were “plentiful” decreased to 40.0% in June from 42.1% in May, but those claiming jobs are “hard to get” also decreased to 14.9% from 15.6%.