financetom
Economy
financetom
/
Economy
/
US consumer sentiment improves in June
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US consumer sentiment improves in June
Jun 13, 2025 7:37 AM

WASHINGTON (Reuters) -U.S. consumer sentiment improved for the first time in six months in June, but that could be temporary after Israel launched missile strikes against Iran, boosting oil prices.

The University of Michigan Surveys of Consumers on Friday said its Consumer Sentiment Index jumped to 60.5 this month from a final reading of 52.2 in May. Economists polled by Reuters had forecast the index rising to 53.5.

"Consumers appear to have settled somewhat from the shock of the extremely high tariffs announced in April and the policy volatility seen in the weeks that followed," said Surveys of Consumers Director Joanne Hsu. "However, consumers still perceive wide-ranging downside risks to the economy."

Consumers' 12-month inflation expectations fell to 5.1% from 6.6% in May. Long-run inflation expectations dipped to 4.1% from 4.2% last month.

Oil prices surged more than $5 per barrel on Friday to multi-year highs as the Israeli strikes on Iranian nuclear facilities stoked fears of retaliation and disruption of crude supplies from Middle East.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Dollar Rises Early Friday Ahead of Michigan Sentiment
US Dollar Rises Early Friday Ahead of Michigan Sentiment
Jun 13, 2025
07:47 AM EDT, 06/13/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Friday before the release of the preliminary University of Michigan consumer sentiment reading for June at 10:00 am ET. The dollar received haven support after Israel struck nuclear sites in Iran Thursday. The St. Louis Federal Reserve bank is expected to update its...
May imports drop 9% at busiest US seaport on 145% China tariffs
May imports drop 9% at busiest US seaport on 145% China tariffs
Jun 13, 2025
LOS ANGELES (Reuters) -Imports to the busiest U.S. seaport at Los Angeles dropped 9% year-on-year in May, offering insight into how many shipments were canceled or put on hold after President Donald Trump slapped tariffs of 145% on goods from China. China is the top U.S. supplier of sea-borne goods, and Los Angeles is the No. 1 port for those...
US consumer sentiment improves in June
US consumer sentiment improves in June
Jun 13, 2025
WASHINGTON (Reuters) -U.S. consumer sentiment improved for the first time in six months in June, but that could be temporary after Israel launched missile strikes against Iran, boosting oil prices. The University of Michigan Surveys of Consumers on Friday said its Consumer Sentiment Index jumped to 60.5 this month from a final reading of 52.2 in May. Economists polled by...
Daily Roundup of Key US Economic Data for June 13
Daily Roundup of Key US Economic Data for June 13
Jun 13, 2025
02:53 PM EDT, 06/13/2025 (MT Newswires) -- The preliminary Michigan Sentiment index rose to 60.5 in June from 52.2 in May. According to Michigan, consumers' assessment of current conditions and the near-term outlook both improved in the month as 1-year inflation expectations fell sharply to 5.1% from 6.6% in the previous month. Michigan said uncertainty remains despite the improvement. The...
Copyright 2023-2025 - www.financetom.com All Rights Reserved