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Sentiment among US consumers slipped in the second half of June, according to a University of Michigan survey released a few minutes ago.
The final reading was 85.5 in June, down from an earlier estimate of 86.4, and below economists’ expectations. Sentiment was above levels seen in May, though, when the index was at 82.9. It remains well below the 101 level registered in February 2020, before the pandemic hit the US.
All of the June gain was among households with incomes above $100,000, and mainly in the way they judged future economic prospects.
University of Michigan finds U.S. consumer sentiment waning in late June https://t.co/Yz86RfRG6x
The Bank of England has published its quarterly bulletin, with an interesting article on household debt during the Covid crisis. Here are the main findings.
