Consumer Sentiment Falls

Ann Arbor, MI, June 15, 2007--The consumer sentiment index, according to the Reuters and University of Michigan fell in early June to 4.6 points from May’s 83.7.

Economists had forecast a drop to only 87.0.

The current conditions index dropped to 100.2 from 105.1. The expectations index fell to 73.0 from 77.6. Inflation expectations over the next five years fell to 3% from 3.1%, while inflation expectations for the next year rose to 3.5% from 3.3%.