US Consumer Sentiment Rises More than Expected

The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 94.6 in June, up from 90.7 in May and well above market expectations. Both current and future expectations went up while the inflation outlook slowed.

The barometer of current economic conditions increased to 106.8 in June from 100.8 in May.

The gauge of consumer expectations rose to 86.8 from 84.2 in the previous month.

Americans expect the inflation rate in the next year will slow to 2.7 percent from 2.8 percent in May. Over the next 5 to 10 years, they expect consumer prices to ease to 2.7 percent, compared with 2.8 percent in the previous month.

US Consumer Sentiment Rises More than Expected

University of Michigan | Joana Taborda |
6/12/2015 3:14:18 PM