US Michigan Consumer Sentiment Index eases in June
A preliminary reading for the US Michigan sentiment indicator fell to 74.1, a six-month low from 79.3 in May, compared to consensus for 77.5.
The decline in American confidence is linked to negative employment perspective. The consequences on the domestic economy should the euro area debt crisis worsen is also playing a role in consumer sentiment.
The Consumer sentiment can be considered as an advanced indicator of consumption, which represents nearly two-thirds of the US economy.
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