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The final value of the University of Michigan's Consumer Confidence Index for June is 60.5, with a significant decrease in inflation expectations.
Gate News bot news, the latest data shows that the University of Michigan's preliminary consumer confidence index for June reached 60.5, marking the first increase in nearly six months. In terms of inflation expectations, the one-year indicator fell from 6.6% in May to 5.1%, while the five-year indicator decreased from 4.2% to 4.1%, reaching the lowest level in nearly three months. The survey results indicate that consumers' concerns about tariffs have eased somewhat, but they maintain a cautious stance regarding the economic outlook.
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