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Consumer sentiment gains slightly in June, but falls below expectations … CNBC June 29, 2018 at 03:10PM

Consumer sentiment gains slightly in June, but falls below expectations … CNBC

 

Consumer sentiment gains slightly in June, but falls below expectations

  • U.S. consumer sentiment gained minimally in the final reading of June.

  • The index saw its highest reading since 2004 in March but hasn’t seen similar gains since.

  • The survey measures consumers’ attitudes on future economic prospects.

Gillian Brassil

U.S. consumer sentiment rose slightly in the final reading of June, hampered by fears of rising trade tensions.

The index increased to 98.2, below an expected 99.2 by economists surveyed by Thomson Reuters.

The index hit 98 in May, slumping since March when it reached its highest level since 2004 with a reading of 101.4.

The University of Michigan’s survey considers 500 consumers’ attitudes on future economic prospects, including personal finances, inflation, unemployment, government policies and interest rates.

 

Read More: Consumer sentiment gains slightly in June, but falls below expectations … CNBC

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