In early June, consumer optimism in the U.S. saw a significant boost, reflected in the University of Michigan’s Consumer Sentiment Index, which rose by 16% to 60.5 from May’s 52.2. This marks the first increase since December 2024. The current economic conditions index rose by 8% to 63.7, and future expectations surged by 22% to 58.4. Despite this positive trend, caution remains among consumers regarding business conditions, personal finances, and durable goods purchases. Inflation expectations dropped, with one-year forecasts falling to 5.1% from 6.6%, and long-term expectations slightly decreasing to 4.1%. Joanns Hsu, director of the survey, noted that while consumers feel some relief, concerns persist about economic risks. The data suggests a cautious optimism as consumers navigate a transitional period, with implications for businesses and monetary policy.
— new from AmericaMalls & Retail