University of Michigan's Index of Consumer Sentiment posted a final June reading of 64.4, up from May's 59.2; upswing reflects a recovery in attitudes generated by the resolution of the debt ceiling crisis and softening inflation

Sample article from our Consumer Wellness

June 30, 2023 (press release) –

Final Results for June 2023

  Jun May Jun M-M Y-Y
  2023 2023 2022 Change Change
Index of Consumer Sentiment 64.4 59.2 50.0 +8.8% +28.8%
Current Economic Conditions 69.0 64.9 53.8 +6.3% +28.3%
Index of Consumer Expectations 61.5 55.4 47.5 +11.0% +29.5%


Read our April 28th report, Confidence in Financial Institutions.
Next data release: Friday, July 14, 2023 for Preliminary July data at 10am ET
Surveys of Consumers Director Joanne Hsu
Consumer sentiment rose 9% this month, a consensus improvement across all demographic groups. The year-ahead economic outlook soared 28% over last month, and long-run expectations rose 11% as well. Overall, this striking upswing reflects a recovery in attitudes generated by the early-month resolution of the debt ceiling crisis, along with more positive feelings over softening inflation. Views of their own personal financial situation were unchanged, however, as persistent high prices and expenses continued to weigh on consumers.

Year-ahead inflation expectations receded for the second consecutive month, falling to 3.3% in June from 4.2% in May. The current reading is the lowest since March 2021. Long-run inflation expectations were little changed from May at 3.0%, again staying within the narrow 2.9-3.1% range for 22 of the last 23 months. These expectations remained elevated relative to the 2.2-2.6% range seen in the two years pre-pandemic.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Jason Irving
Jason Irving
- SVP Enterprise Solutions -

We offer built-to-order consumer wellness coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.