10:07 AM EDT, 06/27/2025 (MT Newswires) -- The University of Michigan consumer sentiment index was revised upward on Friday to a reading of 60.7 for June from the 60.5 print in the preliminary estimate, compared with expectations for no revision in a survey compiled by Bloomberg as of 7:35 am ET.

That was above the final reading of 52.2 in May.

The current conditions index was revised up to 64.8 from a 63.7 preliminary estimate, above the 58.9 reading in May, while the expectations index was revised down to 58.1 from 58.4. The index was 47.9 in May.

Respondents expected a 5% inflation rate over the next year and 4% annual inflation over the next five years, down from 6.6% and 4.2% respectively in May. Michigan said that consumers remain concerned about the impact of tariffs but have not yet mentioned the Middle East as a source of concern.

The twice-monthly Michigan Sentiment index measures consumer sentiment early in the current month (the preliminary estimate) and is then revised later in the month (the final estimate).

The headline index is a combination of the current assessment and expectations for the near future. An increase in the reading suggests consumers are more confident, a positive for stocks if that confidence translates into spending. Increased demand is usually inflationary, a negative for bonds.