Updated: 15-Jun-18 10:17 ET

June Mich Sentiment

Updated: 15-Jun-18 10:17 ET

Highlights

• The preliminary June reading for the University of Michigan Consumer Sentiment Index checked in at 99.3 (Briefing.com consensus 99.0), up from the final reading of 98.0 for May.

Key Factors

• The Current Economic Conditions Index increased to 117.9 from 111.8
• The Index of Consumer Expectations dipped to 87.4 from 89.1

Big Picture

• The key takeaway from the report is that the Expectations Index declined to its lowest level since the start of the year due to less favorable prospects for the overall economy, which were tied in part to higher inflation expectations.

Category	JUN	MAY	APR	MAR	FEB
Sentiment	99.3	98.0	98.8	101.4	99.7
Outlook	87.4	89.1	88.4	88.8	90.0
Present conditions	117.9	111.8	114.9	121.2	114.9