FOREX TradingCharts.com

Financial News: U.S. Consumer Sentiment Index Tumbles To Record Low

U.S. Consumer Sentiment Index Tumbles To Record Low In June

06/10/2022 - 10:14:00 (RTTNews)

(RTTNews) - A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has tumbled to its lowest level on record in the month of June.

The preliminary data showed the consumer sentiment index plunged to 50.2 in June from 58.4 in May. Economists had expected the index to edge down to 58.0.

"Consumer sentiment declined by 14% from May, continuing a downward trend over the last year and reaching its lowest recorded value, comparable to the trough reached in the middle of the 1980 recession," said Surveys of Consumers Director Joanne Hsu.

She added, "All components of the sentiment index fell this month, with the steepest decline in the year-ahead outlook in business conditions."

The report showed the index of consumer expectations dove to 46.8 in June from 55.2 in May, while the current economic conditions index slumped to 55.4 from 63.3.

On the inflation front, one-year inflation expectations ticked up to 5.4 percent in June from 5.3 percent in May. Five-year inflation expectations also rose to 3.3 percent from 3.0 percent.

"Forty-six percent of consumers attributed their negative views to inflation, up from 38% in May; this share has only been exceeded once since 1981, during the Great Recession," said Hsu.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


French Inflation Accelerates More Than Forecast; Producer Prices Fall (07 hr(s), 40 min(s), 59 sec(s) ago)
(RTTNews) - France's consumer price inflation accelerated at a faster-than-expected pace in Ju ...Full Story»

Chicago Business Barometer Drops To Nearly Two-Year Low In June (07 hr(s), 44 min(s), 59 sec(s) ago)
(RTTNews) - MNI Indicators released a report on Thursday showing growth in Chicago-area business a ...Full Story»

Riksbank Lifs Interest Rate By 50 Bps; More Hikes To Follow (07 hr(s), 46 min(s), 59 sec(s) ago)
(RTTNews) - Sweden's central bank raised its interest rate by half a percentage point on Thurs ...Full Story»

Portugal Inflation Highest Since December 1992 (07 hr(s), 45 min(s), 59 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation accelerated further in June to reach its highe ...Full Story»

Brazil Unemployment Rate Lowest Since 2015 (08 hr(s), 07 min(s), 59 sec(s) ago)
(RTTNews) - Brazil's unemployment rate decreased in the three months ended May to reach its lo ...Full Story»

U.S. Personal Income Increases 0.5% In May, In Line With Estimates (08 hr(s), 09 min(s), 59 sec(s) ago)
(RTTNews) - Personal income in the U.S. increased in line with economist estimates in the month of ...Full Story»

U.S. Weekly Jobless Edge Down To 231,000 (08 hr(s), 26 min(s), 59 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed a modest decrease in firs ...Full Story»

U.S. Initial Jobless Show Modest Decrease In Week Ended 6/25 (08 hr(s), 52 min(s), 59 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed a modest decrease in firs ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

French Inflation Accelerates More Than Forecast; Producer Prices Fall

06/30/2022 - 10:22 AM (RTTNews)
(RTTNews) - France's consumer price inflation accelerated at a faster-than-expected pace in Ju ...Full Story>>

Chicago Business Barometer Drops To Nearly Two-Year Low In June

06/30/2022 - 10:18 AM (RTTNews)
(RTTNews) - MNI Indicators released a report on Thursday showing growth in Chicago-area business a ...Full Story>>

Portugal Inflation Highest Since December 1992

06/30/2022 - 10:17 AM (RTTNews)
(RTTNews) - Portugal's consumer price inflation accelerated further in June to reach its highe ...Full Story>>

Riksbank Lifs Interest Rate By 50 Bps; More Hikes To Follow

06/30/2022 - 10:16 AM (RTTNews)
(RTTNews) - Sweden's central bank raised its interest rate by half a percentage point on Thurs ...Full Story>>

Brazil Unemployment Rate Lowest Since 2015

06/30/2022 - 09:55 AM (RTTNews)
(RTTNews) - Brazil's unemployment rate decreased in the three months ended May to reach its lo ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.