US Consumer Sentiment Falls in June

U.S. consumer sentiment fell in June as views by consumers with the lowest incomes soured, a survey released on Friday showed.

The Thomson Reuters/University of Michigan’s preliminary June reading on the overall index on consumer sentiment came in at 81.2, down from 81.9 the month before.

It was below the median forecast of 83.0 among economists polled by Reuters.

“The change from May was too small to indicate a

significant loss in sentiment,” survey director Richard Curtin said in a statement.

“The small month-to-month variations aside, the main finding from the recent surveys is that consumers have maintained their expectations at reasonably favorable levels for the past six months.”

The survey’s barometer of current economic conditions rose to 95.4 from 94.5 and was below a forecast of 95.7.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza