The Index of Consumer Sentiment hit the wires early Friday morning, coming in at 93.5 in June, down from 94.7 in May's final reading, an article on CNBC by Anita Balakrishnan said.
From the piece:
A key measure of consumers' attitudes was lower than expected this month, showing that consumers had a slightly dimmer view of the economy even prior to Friday's stock market rout.Sponsor Content
Economists expected the index of consumer sentiment to hit 94 in June's final reading.
The articled noted that the University of Michigan conducts the monthly survey of 500 consumers, measuring their attitudes toward topics like personal finances, inflation, unemployment, government policies and interest rates.
This month’s report came out just hours after the news that British voters decided to leave the European Union. Check here for a summary of the opinions that impact the housing and mortgage finance industry.