US Consumer Sentiment at 5-Month High

The University of Michigan's final reading on the overall index of consumer sentiment came in at 96.1 in June, higher than a preliminary reading of 94.6 and a final 90.7 in May. It is the highest figure since January, beating market expectations.

The barometer of current economic conditions increased to 108.9 from a preliminary 106.8. In May, the figure was 100.8.

The gauge of consumer expectations rose to 87.8 from a preliminary 86.8 and a final 84.2 in the previous month.

Americans expect the inflation rate in the next year will be 2.7 percent, unchanged from the preliminary reading but down from 2.8 percent in May. Over the next 5 to 10 years, they expect consumer prices to rise 2.6 percent, compared with a preliminary reading of 2.7 percent and a final figure of 2.8 percent in May.

US Consumer Sentiment at 5-Month High

University of Michigan | Joana Taborda |
6/26/2015 3:14:33 PM