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U.S. consumer sentiment falls to three-month low

English.news.cn   2014-06-14 00:21:59

WASHINGTON, June 13 (Xinhua) -- U.S. consumer sentiment slid in June to the lowest level in three months, the Thomson Reuters/ University of Michigan index of consumer sentiment revealed on Friday.

The preliminary reading of the consumer sentiment, which records the figure for the first half of a month, edged down to 81. 2 in June from 81.9 in the previous month, lower than the market average expectation of 83.0.

"The change from May was too small to indicate a significant loss in sentiment," said Richard Curtin, director of the survey and economist with the University of Michigan, in a statement.

"The small month-to-month variations aside, the main finding from the recent surveys is that consumers have maintained their expectations at reasonably favorable levels for the past six months," said Curtin.

The index of current conditions, reflecting Americans' perceptions of their financial situation and whether they consider it a good time to buy big-ticket items like cars, rose to 95.4 in June from 94.5 last month.

The sub-index gauging consumer expectations for six months from now, which more closely projects the direction of consumer spending, fell to 72.2 this month from 73.7 in May.

Editor: yan
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