The University of Michigan's preliminary June consumer sentiment index reading was 99.3 compared to the final May read of 98.0 and the preliminary May reading of 98.8, according to market sources.

The preliminary June expectations index was 87.4 compared to the final May 89.1 and the preliminary May 89.5.

The current conditions index was 117.9, compared to the final May 111.8 and the preliminary May 113.3.

The Institute for Social Research at the University of Michigan, which releases the consumer sentiment report.
The Institute for Social Research at the University of Michigan, which releases the report. Bloomberg News

Economists polled by IFR Markets had predicted a 98.5 reading for the main index, 112.9 for current conditions and 89.7 for expectations.

The five-year inflation expectation index was 2.6%, compared to 2.5% in May, while the one-year inflation expectation index was 2.9%, compared to 2.8% 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.