UMich June Preliminary Consumer Sentiment Rises to 60.5, Above All Estimates
The University of Michigan's preliminary consumer sentiment survey for June rose to 60.5 vs. 52.2 the previous month
Median estimate 53.6; range 50.5 to 57.0 from 46 estimates
Expectations index rose to 58.4 vs. 47.9 last month
Current economic conditions index rose to 63.7 vs. 58.9 last month
Median expected price change over the next year fell to 5.1% after 6.6%
Largest one-month decline since 2001
Median expected price change over the next 5-10 years fell to 4.1% after 4.2%(alg)
Source: Bloomberg