Michigan consumer sentiment for June (P) 99.3 vs. 98.5 expected

Prior month 98.0

• Michigan consumer sentiment for June preliminary 99.3 versus 98.5 expected
• current conditions for June 117.9 versus 111.8 last month
• expectations 87.4 versus 89.1
• 1 year inflation 2.9% versus 2.8%
• 5 – 10 year inflation 2.6% versus 2.5%

Good sentiment but below the peak for the year and the expectations dipped but it is not a disaster.

• The high water mark for sentiment was at 101.4. The low over the last year was at 93.4 back in July 2017.
• For expectations, the 12 month high reached 90.5. while the 12 month low was down at 80.5 back in July 2017. So overall, the expectations remains toward to high of the 12 month range.