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Consumer sentiment slightly beats expectations in June

Key Points
  • Consumer sentiment came in at 98.2 for June's final reading. 
  • The University of Michigan's preliminary reading earlier in the month was 97.9.
  • Consumer sentiment hit a 15-year high in early May at 102.4.
  • But those robust gains were recorded mostly before U.S.-China trade talks collapsed and President Donald Trump hiked tariffs on $200 billion in Chinese goods, provoking Beijing to respond with its own levies.
David Paul Morris | Bloomberg | Getty Images

Consumer sentiment rose to 98.2 in June, coming in slightly above the forecast of 98.0. The University of Michigan's preliminary reading earlier in the month was 97.9.

Though sentiment rose slightly from the reading in early June, it fell compared to the May readings. Consumer sentiment had hit a 15-year high in early May at 102.4.

But those robust gains were recorded mostly before U.S.-China trade talks collapsed and President Donald Trump hiked tariffs on $200 billion in Chinese goods, provoking Beijing to respond with its own levies.

Sentiment had started slip toward the end of May, declining to 100.0 as consumers grew increasingly concerned about the impact tariffs would have on prices.