US Consumer Sentiment Revised Down to 93.5 in June


The University of Michigan's consumer sentiment for the United States came in at 93.5 in June 2016, down from a preliminary reading of 94.3 and a final of 94.7 in the previous month. Consumers were less optimistic about current conditions and future economic prospects.

The barometer of consumer expectations went down to 82.4 from a preliminary reading of 83.2 and a final of 84.9 in the previous month. The gauge of current economic conditions fell to 110.8 from a preliminary of 111.7 but still higher than a final of 109.9 in May.

Americans expect the inflation rate in the next year to be 2.4 percent, unchanged from earlier estimates and the previous month. Over the next 5 years, they expect consumer prices to increase at a slower 2.3 percent, in line with preliminary figures but down from 2.5 percent in May.

US Consumer Sentiment Revised Down to 93.5 in June


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
6/24/2016 3:14:10 PM