(University of Michigan Survey) The index measuring consumer sentiment in the US was 85.5 in June, up by 3.1% from May. The sentiment was the second highest since the beginning of the pandemic.
Index measuring current economic conditions fell from 89.4 in May to 88.6 in June
Consumer expectations rose strongly as index jumped from 78.8 in May to 83.5 in June
Inflation, unemployment, and interest rates were consumers’ talking points, with year-ahead price expectations falling slightly to 4.2% in June, from May’s 4.6% peak.
56% of consumers expect declines in unemployment rate in the year ahead, the highest on record.
Three-quarters of consumers anticipate a rise in interest rates in the year ahead, the highest proportion for about three years.
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