Consumer sentiment in the U.S. tumbled by slightly more than initially estimated in the month of June, revised data from the University of Michigan revealed on Friday.
The report showed the consumer sentiment index for June was downwardly revised to 50.0 from the preliminary reading of 50.2.
The consumer sentiment index is down sharply from the final May reading of 58.4, plunging to its lowest level on record.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.