Describe shortly what does the indicator Consumer Confidence men and analyze the information below:”The Conference Board Consumer Confidence Index® dipped in June to 100.4 (1985=100), down from 101.3 in May. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—increased to 141.5 (1985=100) from 140.8 last month.However, the Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—fell to 73.0 (1985=100) in June, down from 74.9 in May. The Expectations Index has been below 80 (the threshold which usually signals a recession ahead) for five consecutive months.“Confidence pulled back in June but remained within the same narrow range that’s held throughout the past two years, as strength in current labor market views continued to outweigh concerns about the future. However, if material weaknesses in the labor market appear, Confidence could weaken as the year progresses,” said Dana M. Peterson, Chief Economist at The Conference Board.”