Friday, June 14, 2019

Consumer sentiment declines in June

Chain Store Age
Tariff concerns are weighing on American consumers.

The University of Michigan’s consumer-sentiment fell to 97.9 in June from 100 in May. Economists had expected a reading of 99.

“Some of the decline was due to expected tariffs on Mexican imports, which may be reversed in late June, but most of the concern was with the 25% tariffs on nearly half of all Chinese imports,” said Richard Curtin, chief economist, surveys of consumers, University of Michigan.. . . more