June Univ. of Michigan Consumer Sentiment - Prelim

Updated: 12-Jun-26 10:21 ET

Highlights

• The preliminary reading for the University of Michigan Consumer Sentiment Index for June increased to 48.9 ( consensus: 46.2) from the final reading of 44.8 for May, which was an historic low.
• In the same period a year ago, the index stood at 60.7.

Key Factors

• The Current Economic Conditions Index rose to 48.4 from 45.8 in May. In the same period a year ago, the index stood at 64.8.
• The Index of Consumer Expectations jumped to 49.3 from 44.1 in May. In the same period a year ago, the index stood at 58.1.
• Year-ahead inflation expectations dropped to 4.6% from 4.8% in May.
• Long-run inflation expectations fell to 3.4% from 3.9% in May.

Big Picture

• The key takeaway from the report is that the improved readings revolved around the early-month easing in gasoline prices, which was a relief factor felt by consumers across age, education, and political party. Still, there were reported concerns about higher inflation remaining stubborn.