US Economy

Consumer sentiment continues to rebound in June

Shoppers at a Target store in Brooklyn, New York.
Brendan McDermid | Reuters

U.S. consumer sentiment continued to rebound in June, beating expectations, according to a report released on Friday. (Tweet this)

The Thomson Reuters/University of Michigan's final June reading on the index was 96.1. That beats the previous month's reading of 90.7 and Reuters' estimates for 94.6.

Read MoreConsumer spending rises most in nearly six years

"Consumers voiced in the first half of 2015 the largest and most sustained increase in economic optimism since 2004," said Surveys of Consumers Chief Economist Richard Curtin in a statement.

The report indicated that the data overall shows a growth in consumer spending of 3 percent in 2015. "Consumer spending will remain the driving force of economic growth in 2015," Curtin said.

Read MoreUS services sector growth slows in June: Markit

The gauge of current economic conditions rose to 108.9 from 100.8 in the previous month.

Consumer expectations index also rose to 87.8 from 84.2 in May.

Related Tags