Consumer Confidence Rose in June, Up Almost 15% YOY, Says U of M

Ann Arbor, MI, June 12, 2015—Consumer confidence rose 4.3% to 94.6 in June, from 90.7 in May, according to the University of Michigan’s Survey of Consumers, regaining its average level recorded since the start of the year.

Year over year, consumer sentiment rose 14.7% from June 2014’s rate of 82.5.

The June gain was due to the most favorable personal financial prospects since 2007, with households expecting the largest wage gains since 2008. Just as importantly, consumers expected the inflation rate to remain low over the foreseeable future.