Skip to content
Subscriber Only

American Consumers Getting Mojo Back as Wages Start Rising

Bloomberg business news

U.S. Consumer Confidence Surges to 94.6 in June

Updated on

Bigger paychecks are giving American consumers reason to believe again.

The University of Michigan’s preliminary consumer sentiment index for June rose to 94.6, topping all estimates in a Bloomberg survey of economists, from a reading of 90.7 last month, figures showed Friday. Households were the most upbeat about their wage prospects in seven years.