by Calculated Risk on 6/15/2012 09:55:00 AM
Friday, June 15, 2012
Consumer Sentiment declines in June to 74.1
Click on graph for larger image.
The preliminary Reuters / University of Michigan consumer sentiment index for June declined to 74.1, down from the May reading of 79.3.
This was below the consensus forecast of 77.5 and the lowest level this year. Overall sentiment is still weak - probably due to a combination of the high unemployment rate and the sluggish economy.