Updated: 16-Jun-17 10:23 ET

June Mich Sentiment

Updated: 16-Jun-17 10:23 ET

Highlights

• The Preliminary reading of the University of Michigan consumer sentiment for June declined to 94.5 from May's final reading of 97.1 (Briefing.com consensus 97.0).

Key Factors

• The Current Economic Conditions Index fell to 109.6 from 111.7 in May
• The Index of Consumer Expectations slipped to 84.7 from 87.7 in May

Big Picture

• Only a handful of respondents identified the James Comey congressional testimony as a factor in their outlook, meaning specific political concerns did not play a significant role in the modest dimming of the outlook. However, there is growing evidence that continued political bickering has taken a toll on sentiment across the political spectrum. Declines were observed across all political parties with self-identified independents reporting an 11.5-point decline in sentiment while Republicans (-9.2) and Democrats (-6.8) reported smaller declines.

Category	JUN	MAY	APR	MAR	FEB
Sentiment	94.5	97.1	97.0	96.9	96.3
Outlook	109.6	87.7	87.0	86.5	86.5
Present conditions	84.7	111.7	112.7	113.2	111.5