Consumer Confidence Inched Upward in June

Ann Arbor, MI—The University of Michigan Index of Consumer Sentiment shows that consumer confidence inched upward, from 92.0 in May to 92.6 in June. But that figure is far below the 106.4 recorded in June 2000. The Index of Consumer Expectations also rose slightly, from 85.4 in May to 86.9 in June, but that too was well off the 100.8 it hit the previous June. “Although consumer confidence in June reached its highest level since the start of the year,” director Richard Curtin said in a statement, “consumer confidence was only slightly more positive than during the prior four months.”

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