The UMich preliminary Index of Consumer Sentiment rose to 60.5 in June 2025, up 15.9% MoM but still down -11.3% YoY, marking the first increase in six months.

• The Current Economic Conditions index increased +8.1% MoM to 63.7, though down -3.3% YoY.
• The Index of Consumer Expectations rose sharply by +21.9% MoM to 58.4, but remains down -16.1% YoY.
• Sentiment gains were broad-based across demographics and political affiliation, driven by easing concerns over tariffs and short- and long-run business conditions.
• Year-ahead inflation expectations fell to 5.1% (from 6.6%), and long-run expectations edged down to 4.1%, both now at 3-month lows.