Michigan Consumer Sentiment Index Eases in June

U.S. consumer confidence declined in late June, according to data by the University of Michigan released on Friday.

The Index of Consumer Sentiment eased to 85.5 from an initial reading of 86.4 earlier this month.

Compared with its reading in May at 82.9, consumer sentiment maintained an improvement.              

The current economic conditions index registered 83.5, from 90.6, compared with 89.4 in May,

As for the consumer expectations index, the 83.8 reading was revised to 83.5, as per the results of the survey of consumers.