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UMich Sentiment Rebounds From 46-Year Record Low In June, Inflation Fears Fade Further
Having rebounded from record (46 year) lows in preliminary June data, University of Michigan's final June Sentiment survey was expected to show further improvement as gas prices have fallen since the US-Iran 'peace' MoU signing. And it did with the headline index rising from 48.9 flash and 44.8 prior to 49.5 (but that was below the 50.0 expectation)... Both Current Conditions and the Expectations Index also rebounded with the former outperforming... chart Consumer sentiment confirmed its early-month reading, rising about 10% above May as gas prices moderated. "Increases were seen across income, wealth, and ... (full story)
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US consumer confidence improves in June
Consumer confidence in the United States rose in June compared to the month prior, rising 10.5% to 49.5, according to a final report released by the University of Michigan on Friday. However, on an annual basis, the figure decreased by 18.5%. The Current Economic Conditions Index climbed 4.1% in the reported month and came in at 47.7, while plunging 26.4% on a yearly basis. At the same time, the Index of Consumer Expectations arrived at 50.7, representing a 15% increase from the previous month, but an annual fall of 12.7%. Inflation expectations for the year ahead retreated from 4.8% in May to 4.6%, with the report ... (full story)
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- Jun 26, 9:11am | 5 hr ago Posted by
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