University of Michigan Releases Preliminary Results of Its Consumer Sentiment Index for June
Preliminary Results for June 2026
On Friday, the University of Michigan released the preliminary results of its Surveys of Consumers for June.
The Index of Consumer Sentiment rose to a reading of 48.9 in June, up 9.2% from 44.8 in May. Year-over-year, the index was down 19.4% from 60.7 in June 2025.
Current Economic Conditions rose to a reading of 48.4 in June, up 5.7% from 45.8 in May but down 25.3% from 64.8 in June 2025.
The Index of Consumer Expectations rose to 49.3 in June, up 11.8% from 44.1 in May but down 15.1% from 58.1 in June 2025.
In remarks accompanying the release, Surveys of Consumers Director Joanne Hsu said:
“This month, consumer sentiment ticked up about four index points, or 9%, with consumers experiencing some relief due to the early-month easing in gasoline prices. This measured improvement in sentiment was widespread, seen across age, education, and political party. Lower-income consumers exhibited a particularly strong sentiment increase, consistent with the fact that gasoline comprises a larger share of their budgets. Overall, assessments and expectations of personal finances and business conditions all rose this month. Even with June’s early gains, however, views of the economy are still relatively dour. Sentiment is currently 13% below January 2026 and 19% below a year ago, as consumers remain focused on kitchen table issues. They feel burdened by the recent escalation in inflation and worry that higher inflation could remain stubborn going forward, particularly in the short run. Interviews for this release were completed between May 19 and June 8.
Year-ahead inflation expectations inched down from 4.8% in May to a still-elevated 4.6% this month. The current reading substantially exceeds the 3.4% reading seen in February 2026 prior to the start of the Iran conflict, along with all 2024 readings. Long-run inflation expectations fell back from 3.9% last month to 3.4% in June, remaining notably higher than the 2.8–3.2% range seen in 2024.”
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.