The University of Michigan's preliminary June consumer sentiment index reading was 94.5, compared to the final May 97.1, and the final April 97.0, according to market sources.

The expectations index was 84.7, compared to the final May 87.7, and the final April 87.0.

The current conditions index was 109.6, compared to the final May 111.7, and the final April 112.7.

Economists polled by Thomson Reuters had predicted a 97.0 reading for the main index, 87.0 for expectations and 112.7 for current conditions.

The five-year inflation expectation index was 2.6%, compared to 2.4% in May, while the one-year inflation expectation index was 2.6%, compared to 2.6% in May.

The University of Michigan index is not released to the press, but only to paying subscribers.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.