U.S. consumer sentiment rises in final June reading

NEW YORK Fri Jun 27, 2014 9:56am EDT

A shopper walks down an aisle in a newly opened Walmart Neighborhood Market in Chicago in this September 21, 2011 file photo.   REUTERS/Jim Young/Files

A shopper walks down an aisle in a newly opened Walmart Neighborhood Market in Chicago in this September 21, 2011 file photo.

Credit: Reuters/Jim Young/Files

NEW YORK (Reuters) - U.S. consumer sentiment rose in June as consumers remained optimistic the sluggish first quarter was due to difficult winter conditions, a survey released on Friday showed.

The Thomson Reuters/University of Michigan's final June reading on the overall index on consumer sentiment came in at 82.5, up from 81.9 the month before.

It was above the median forecast of 82.0 among economists polled by Reuters and above the preliminary reading of 81.2.

"Consumers believe the first quarter decline in economic activity was due to the harsh winter weather, and that the economy has already returned to positive economic growth," survey director Richard Curtin said in a statement.

The survey's barometer of current economic conditions rose to 96.6 from 94.5 and was above a forecast of 96.0.

The survey's gauge of consumer expectations slipped to 73.5 from 73.7 but topped an expected 72.8.

The survey's one-year inflation expectation dipped to 3.1 percent from 3.3 percent, while the survey's five-to-10-year inflation outlook edged up to 2.9 percent from 2.8 percent.

(Reporting by Chuck Mikolajczak; Editing by Chizu Nomiyama)

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Comments (3)
BeRealistic wrote:
Lemmings! Though I will have to hand it to the spin doctors, liberal media, and the rest of the obama cheerleaders; they sure do know how to paint a turd and sell it as caviar. I guess when lying is a part of your nature, personal integrity is a foreign concept, and morals of any kind are absolutely taboo then it is a lot easier to mislead and fool so many people. The liberal indoctrination machine, enabled by the spineless GOP establishment, has destroyed the mind of too many Americans, like pouring salt on a slug.

Jun 27, 2014 10:57am EDT  --  Report as abuse
I’m retired and work in the transportation industry part time. Yep, it was colder than previous years but our equipment started and operated as usual. Machines do break down periodically, however we experienced no unusual problems related to the weather. People hauling salt made out really well.

Jun 29, 2014 7:25am EDT  --  Report as abuse
WeAreLosingIt wrote:
“U.S. consumer sentiment rose in June as consumers remained optimistic the sluggish first quarter was due to difficult winter conditions,”

That just means consumers are parroting back what the business “media” tells them….duh

Jun 30, 2014 4:25pm EDT  --  Report as abuse
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