- Analytics
- News and Tools
- Market News
- U.S. consumer sentiment index jumps more than expected in early June
U.S. consumer sentiment index jumps more than expected in early June
A report from
the University of Michigan revealed on Friday the preliminary reading for the
Reuters/Michigan index of consumer sentiment rose 9.1 percent m-o-m to 78.9 in
early June.
Economists had
expected the index would increase to 75.0 this month from May’s final reading
of 72.3.
According to
the report, the index of current U.S. economic conditions increased 6.7 percent
m-o-m to 87.8 in June from 82.3 in the previous month. Meanwhile, the index of
consumer expectations surged 10.9 percent m-o-m to 73.1 this month from 65.9 in
May.
The report
noted that: “Consumer sentiment posted its second monthly gain in early June,
paced by gains in the outlook for personal finances and more favorable
prospects for the national economy due to the reopening of the economy. The
turnaround is largely due to renewed gains in employment, with more consumers
expecting declines in the jobless rate than at any other time in the long
history of the Michigan surveys.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
