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.
The Index of Consumer Sentiment hit 93.5 in June, the University of Michigan said Friday. Economists expected the index of consumer sentiment to hit 94 in June’s final reading, down from 94.7 in May’s final reading, according to a Thomson Reuters consensus estimate.
