While up month-over-month, sentiment remains below year ago levels.
Consumer sentiment improved for the first time in six months, climbing nearly 16% from last month but remaining about 20% below December 2024, when sentiment had exhibited a post-election bump, according to the University of Michigan Surveys of Consumers.
The Index of Consumer sentiment was 60.5 in mid-June, up 15.9% from May, but down 11.3% from June 2024.
Consumer sentiment is considered a leading indicator of economic activity. Sentiment levels can also impact consumer’s willingness to make large purchases such as automobiles.
According to Surveys of Consumers Director Joanne Hsu the
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