US Consumer Sentiment Hits 49.5 as Trade Gap Widens to $105.8 Billion
Updated
Updated · XTB · Jun 26
US Consumer Sentiment Hits 49.5 as Trade Gap Widens to $105.8 Billion
3 articles · Updated · XTB · Jun 26
Summary
49.5 was the University of Michigan’s final June consumer sentiment reading, below the 50.0 forecast but up from 48.9 previously.
50.7 in consumer expectations beat the 49.5 forecast, while current conditions fell to 47.7 from 48.4 and missed the 48.8 estimate.
4.6% one-year inflation expectations were unchanged, and five-year expectations eased to 3.3% from 3.4%, suggesting price fears stabilized even as sentiment stayed weak.
-$105.8 billion in the advance goods trade balance was far wider than the -$85.0 billion forecast, while wholesale inventories rose 0.3% and retail inventories ex-autos increased 0.4%.
The final June sentiment figure still points to only a modest rebound from recent lows, after earlier reports tied improving mood mainly to lower gasoline prices.