Summary

• The University of Michigan Consumer Sentiment Index rose to 49.5 in June, a 10.5% increase from April.
• Long-term business expectations surged 16% as consumer anxieties regarding the long-term consequences of the Iran conflict eased.
• Year-ahead inflation expectations declined to 4.6% from 4.8% in May.

By Jennifer Nash

Consumer sentiment improved for the first time in four months as gas prices eased but remains historically low amid ongoing inflation concerns. The final June reading for the University of Michigan Consumer Sentiment