Consumer Sentiment Edges Down in Early June
Ann Arbor, MI, June 13, 2014 -- Consumer sentiment fell to an initial June reading of 81.2 from a final May level of 81.9, according to the University of Michigan and Thomson Reuters.
Economists expected a June level of 82.8.
"The change from May was too small to indicate a significant loss in sentiment," survey director Richard Curtin said in a press release.
"The small month-to-month variations aside, the main finding from the recent surveys is that consumers have maintained their expectations at reasonably favorable levels for the past six months."
The survey's measure of current economic conditions rose to 95.4 from 94.5 while the gauge of consumer expectations fell to 72.2 from 73.7.