The University of Michigan's final consumer sentiment index for June fell to 68.2, down from the previous 69.1, but above the expected 65.8 and the estimated 66.0. This marks an eight-month low, driven by broad-based concerns about high prices, interest rates, personal finances, and employment. The current conditions index also dropped to 65.9, its lowest since May 2023, though higher than the expected 62.5. Conversely, consumer expectations rose slightly to 69.6, surpassing the forecasted 67.6 and the forecasted 68. Inflation expectations for both one year and five years converged at 3%, down from previous estimates of 3.3% and 3.1%, respectively.
🇺🇸UMich Consumer #Sentiment fell 1.3% to 68.2 in June: 8-mo low 🚨 🔻Current Conditions (-5.3%) 65.9: low since May 23 ✅Expectations (+1.2%) 69.6 ⚖️Broad-based concerns about high prices, rates, personal finances & employment ⚠️ Methodology bias: ⬆️ inflation; ⬇️sentiment https://t.co/Qth7WwIIZ2
1y inflation expectations per @UMich revised lower in June from an initial 3.3% to now 3% … 5-10y inflation expectations revised down from 3.1% to 3% https://t.co/CZl7aZjtbu
Consumer Sentiment Index from @UMich revised up in June from 65.6 to 68.2 … expectations revised up from 67.6 to 69.6 https://t.co/HlfENu2q8x
UMich June final consumer sentiment 68.2 vs 65.6 prelim https://t.co/rFMyyZlpYD
Inflation expectations for one and 5-10 years converge at 3% in Univ of Michigan Consumer Sentiment Survey. https://t.co/hpX21vv4Xf
University of Michigan Sentiment Index 68.2 vs 66 Expected U of M 1 Year Inflation Outlook 3% vs 3.2% Expected, 5-10 yr 3% vs 3.1%
U.S MICHIGAN CONSUMER SENTIMENT (JUN) ACTUAL: 68.2 VS 65.6 PREVIOUS; EST 66.0 U.S MICHIGAN CURRENT CONDITIONS (JUN) ACTUAL: 65.9 VS 62.5 PREVIOUS; EST 64.0 U.S MICHIGAN CONSUMER EXPECTATIONS (JUN) ACTUAL: 69.6 VS 67.6 PREVIOUS; EST 68.0 U.S MICHIGAN 1-YEAR INFLATION…
🇺🇸 United States Michigan Current Conditions (Jun) $USD Actual: 65.9 🟢 Expected: 62.5 Previous: 69.6
Michigan Consumer Sentiment For June 68.2 Vs 65.6 Est.; 69.1 Prior
U.S MICHIGAN CONSUMER SENTIMENT (JUN) ACTUAL: 68.2 VS 65.6 PREVIOUS; EST 66.0 U.S MICHIGAN 1-YEAR INFLATION EXPECTATIONS (JUN) ACTUAL: 3.0% VS 3.3% PREVIOUS; EST 3.2% U.S MICHIGAN 5-YEAR INFLATION EXPECTATIONS (JUN) ACTUAL: 3.0% VS 3.1% PREVIOUS; EST 3.1%
🇺🇸 United States Michigan Consumer Sentiment (Jun) $USD Actual: 68.2 🟢 Expected: 65.6 Previous: 69.1
🇺🇸 United States Michigan Consumer Expectations (Jun) $USD Actual: 69.6 🟢 Expected: 67.6 Previous: 68.8
🇺🇸 United States Michigan 1-Year Inflation Expectations (Jun) $USD Actual: 3.0% 🔴 Expected: 3.3% Previous: 3.3%
*MICHIGAN JUNE 1-YR EXPECTED INFLATION FALLS TO 3% FROM 3.3% *MICHIGAN FINAL JUNE CONSUMER SENTIMENT FALLS TO 68.2; EST. 66 https://t.co/1E9uQbROyx
🇺🇸 United States Michigan 5-Year Inflation Expectations (Jun) $USD Actual: 3.0% 🔴 Expected: 3.1% Previous: 3.0%
US Univ. Of Michigan Sentiment Jun F: 68.2 (est 66.0; prev 65.6) - Current Conditions: 65.9 (est 64.0; prev 62.5) - Expectations: 69.6 (est 68.0; prev 67.6) - 1 Year Inflation: 3.0% (est 3.2%; prev 3.3%) - 5-10 Year Inflation: 3.0% (est 3.1%; prev 3.1%)
UNIVERSITY MICHIGAN EXPECTATIONS FINAL ACTUAL 69.6 (FORECAST 68, PREVIOUS 67.6) $MACRO
UNIVERSITY MICHIGAN CONDITIONS FINAL ACTUAL 65.9 (FORECAST 64, PREVIOUS 62.5) $MACRO
UNIVERSITY MICHIGAN 5 YR INFLATION FINAL ACTUAL 3% (FORECAST 3.1%, PREVIOUS 3.1%) $MACRO
UNIVERSITY MICHIGAN 1 YR INFLATION FINAL ACTUAL 3.0% (FORECAST 3.2%, PREVIOUS 3.3%) $MACRO
🇺🇸 Michigan Consumer Sentiment Final (Jun) Actual: 68.2 Expected: 65.8 Previous: 69.1 https://t.co/avBGundPB3
MICHIGAN FINAL JUNE CONSUMER SENTIMENT AT 68.2; EST. 65.8 MICHIGAN FINAL JUNE 1-YR EXPECTED INFLATION AT 3% VS 3.3%
Heads Up:🇺🇸 Michigan Consumer Sentiment Final (Jun) due at 14:00 GMT (15min) Expected: 65.8 Previous: 69.1 https://t.co/avBGundPB3