Updated: 16-Jun-17 10:23 ET
|Updated: 16-Jun-17 10:23 ET
- 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).
- 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
- 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.
| Present conditions