US Consumer Sentiment Beats Expectations


The University of Michigan's consumer sentiment for the United States came in at 94.3 in June 2016, down from 94.7 in the previous month, but beating market expectations of 94. Consumers were less optimistic due to increased concerns about future economic prospects, while assessments of current economic conditions improved to its highest level since July 2005, preliminary estimates showed.

The barometer of consumer expectations went down to 83.2 from 84.9 in the previous month and the gauge of current economic conditions increased to 111.7 from 109.9 in May, hitting its highest level in almost eleven years.

Americans expect the inflation rate in the next year to be 2.4 percent, the same as in May. Over the next 5 years, they expect consumer prices to increase at a slower 2.3 percent (2.5 percent in May).

US Consumer Sentiment Beats Expectations


University of Michigan | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/10/2016 3:13:48 PM