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- U.S. consumer sentiment worsens less than initially estimated in June
U.S. consumer sentiment worsens less than initially estimated in June
The final
reading for the June Reuters/Michigan index of consumer sentiment came in at 98.2
compared to a preliminary reading of 97.9 and the May final reading of 100.
Economists had
forecast the index to be revised upwardly to 98.0.
According to
the report, the index of the current economic conditions rose to 111.9 from May’s
final reading of 110.0.
Meanwhile, the index
of consumer expectations decreased to 89.3 from May’s final reading of 93.5.
The report
notes that June's small overall decline was entirely due to households with
incomes in the top third of the distribution, who more frequently mentioned the
negative impact of tariffs, cited by 45%, up from 30% last month.
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