University of Michigan consumer sentiment index rises to 48.9 in June from May's historic 44.8 low as gasoline prices drop, but inflation expectations stay

"Increases were seen across income, wealth, and political affiliation,"

After months of souring views driven in part by a surge in gas prices, Americans are feeling more and more optimistic about the economy, according to new data released Friday.

University of Michigan consumer sentiment index rises to 48.9 in June from May's historic 44.8 low as gasoline prices drop, but inflation expectations stay

Consumer Sentiment Improves in June as Gasoline Prices Moderate

The nationwide average gas price dropped below $4 a gallon this month for the first time since March.

Consumer Sentiment Improves in June as Gasoline Prices Moderate

The University of Michigan's consumer sentiment index rose 10.5% to 49.5 in June 2026, rebounding from May's record low as gas prices eased and inflation

Consumer companies rose as oil futures continued their retreat, boding well for gasoline prices.