Briefing.com: Mich Sentiment

Updated: 26-Jun-26 10:17 ET

June Univ. of Michigan Consumer Sentiment - Prelim

Updated: 26-Jun-26 10:17 ET

Highlights

The final reading for the University of Michigan Consumer Sentiment Index for June increased to 49.5 (Briefing.com consensus: 48.9) from the preliminary reading of 48.9.
In the same period a year ago, the index stood at 60.7.

Key Factors

The Current Economic Conditions Index dipped to 47.7 from the preliminary reading of 48.4. The final reading for May was 45.8. In the same period a year ago, the index stood at 64.8.
The Index of Consumer Expectations jumped to 50.7 from the preliminary reading of 49.3. The final reading for May was 44.1. In the same period a year ago, the index stood at 58.1.
Year-ahead inflation expectations held steady with the preliminary reading at 4.6%. The final reading for May was 4.8%.
Long-run inflation expectations dipped to 3.3% from the preliminary reading of 3.4%. The final reading for May was 3.9%.

Big Picture

The key takeaway from the report is that sentiment was boosted by the moderation in gas prices; however, the higher cost of living in general remains a burden, as sentiment is still 13% below the level it stood at in February prior to the start of the Iran War and almost 20% less than the prior year period.