US Consumer Sentiment Unexpectedly Falls to Seven-Month Low
- Longer-term inflation views inched higher in early June
- University of Michigan sentiment index at 65.6 after 69.1
This article is for subscribers only.
US consumer sentiment unexpectedly fell to a seven-month low in early June as high prices continued to take a toll on views of personal finances.
The sentiment index dropped to 65.6 in June from 69.1, according to the preliminary reading from the University of Michigan. The median estimate in a Bloomberg survey of economists called for the measure to rise to 72.