Consumer sentiment rose in early June as lower gas prices and easing inflation led to less dour views of current conditions and the future.
The University of Michigan’s preliminary June index of consumer sentiment rose 9.2 percent to 48.9 from 44.8, the first improvement in four months. This was better than expected but still low by historical standards.
The improvement came in both the measure of household views of current economic conditions and the outlook.
“This month, consumer sentiment ticked up about four index points, or 9 percent, with consumers experiencing some relief due to the early-month easing in gasoline prices,” said Joanne…
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