US Consumer Confidence Index Revised Upward

The University of Michigan's consumer sentiment index for the United States was revised upward for June, reaching 49.5. This figure represents a significant increase from the preliminary data and indicates a more positive outlook among American consumers.

The index measuring consumers' assessment of current economic conditions rose by 1.9 points to 47.7. Simultaneously, the index reflecting consumers' long-term expectations improved by 6.6 points, reaching 50.7. These movements suggest a growing optimism regarding both the present economic situation and future prospects.

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Still, consumer confidence remains in negative territory, 13 percent below the February 2026 level and nearly 20 percent below a year ago.

Furthermore, consumers' inflation expectations have moderated. The short-term inflation outlook decreased from 4.8% to 4.6% in June. Long-term inflation expectations also saw a reduction, falling from 3.9% to 3.3%. While these figures remain above certain historical levels, the downward trend is notable.

Despite the improvements, the report highlighted that consumer confidence remains below pre-February 2026 levels, indicating lingering concerns. The Director of Consumer Surveys, Joanne Hsu, noted that while confidence increased by about 10% from May, largely due to falling gasoline prices and easing concerns about the long-term consequences of geopolitical tensions, it still trails significantly behind previous periods. The rising cost of living continues to be a primary concern for over half of consumers, impacting their personal finances for the third consecutive month.

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Still, consumer confidence remains in negative territory, 13 percent below the February 2026 level and nearly 20 percent below a year ago.