Consumer sentiment soared in early June, rising for the first time in six months and posting its strongest monthly gain since January 2024, according to preliminary data released Friday by the University of Michigan.
The university’s closely watched index of consumer sentiment jumped to 60.5 in the first half of June, up from 52.2 the prior month—a 16 percent gain that beat every estimate in a Wall Street Journal survey of economists. The expectations sub-index surged more than 21 percent, the biggest one-month gain since late 2023.
The sharp rebound in optimism follows weeks of steady economic data, including soft inflation reports and a series of trade announcements from the Trump administration aimed at restoring long-term stability to U.S. supply chains without reigniting
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