USA: Household morale better than expected in June- Michigan, Market news

PARIS, June 11 (Reuters) – US consumer sentiment improved more sharply than expected in June, the first results of the University of Michigan’s monthly survey show on Friday.

Its confidence index rose to 86.4 from 82.9 in May. Economists and analysts polled by Reuters on average forecast a figure of 84.0.

The component of consumers’ judgment on their current situation increased to 90.6 after 89.4 the previous month and above all, that of the outlook reached 83.8 after 78.8.

The inflation expectations of the consumers questioned are also down more sharply than expected, to 4.0% over the one-year horizon against 4.6% in May and 2.8% against 3.0% in May. a five-year horizon.

(Marc Angrand, edited by Blandine Hénault)

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