US consumer confidence has improved in June for the first time in six months, but this may be temporary after Israel launched missile attacks against Iran, increasing oil prices.
Consumer research at the University of Michigan showed on Friday that his consumer confidence rate jumped to 60.5 this month compared to the final reading of 52.2 in May. Economists consulted by Reuters predicted that the index would rise to 53.5.
“Consumers seem to have recovered some of the extremely high rates of tariffs announced in April and the volatility of policies observed in the following weeks,” said Joanne Hsu, director of the research. “However, consumers still realize a wide range of negative risks to the economy.”
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Expectations of 12 -month inflation consumers fell from 6.6% in May to 5.1%. Long -term inflation expectations fell from 4.2% last month to 4.1%.
Oil prices rose more than $ 5 per barrel on Friday, reaching maximums of several years, after Israeli attacks on Iranian nuclear facilities fueled retaliation fears and interruption of the Middle East gross oil supply.
