The University of Michigan’s final June consumer sentiment index reading was 56.4, compared to 56.7 earlier in June, 59.8 in May, 59.5 earlier in May, and the final April 62.6 reading, according to market sources.
Economists polled by IFR Markets had predicted a 56.9 reading for the index.
The expectations index was 49.2, compared to 49.0 at mod-month, 51.1 last month, 51.7 earlier in May, and 53.3 in April.
The current conditions index was 67.6, compared to 68.7 earlier in June, 73.3 in May, 71.7 earlier in May, and 77.0 in April.
The five-year inflation expectation index was 3.4% in June, compared to 3.4% earlier this month, 3.4% in the final May reading, and up from 3.3% earlier in May and 3.2% in April, while the one-year inflation expectation index was 5.1% in June, compared to 5.1% earlier in June, and up from 5.2% in May, 5.2% earlier in may, and 4.8% in April.