Friday, June 27, 2014

Consumer Confidence Rose in June

According to the University of Michigan Consumer Sentiment index, consumer sentiment rose in June to 82.5, the second highest reading all year.

Current expectations improved in June. Current conditions grew 2.1 points to 96.6. Future expectations declined 0.2 points to 73.5. The gap between current and future expectations remained. Consumers are less optimistic about the future in comparison to the present.

The report indicated that inflationary expectations were little changed from the month prior, calling for 3.1% inflation over the next year and 2.9% over the next 5 years.

If conditions continue without any major shocks, sentiment should continue to improve as the year progresses.

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