(CercleFinance.com) – US consumer confidence improved more strongly than expected in June, show the final results of the University of Michigan’s monthly survey published on Friday.
The confidence index calculated on the basis of this household survey rose to 64.4, instead of 63.9 announced in the preliminary version, after 59.2 in May, an improvement that the UMich attributes to the recent slowing inflation.
For comparison, analysts expected a figure of 64.1.
The component of consumers’ judgment of their current situation stood at 69 this month, after 64.9 in May, while the sub-index measuring their outlook rose to 61.5 from 55.4 a month earlier.
The results of the survey show above all a deterioration in inflation expectations over a one-year horizon, to 3.3% against 4.2% in May, i.e. a new low since March 2021.
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2023-06-30 14:10:00
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