Friday, 26 June 2009

Reuters/Univ Michigan End-Jun Sentiment 70.8; May 68.7

Reuters/Univ Michigan End-Jun Sentiment 70.8; May 68.7

NEW YORK (Dow Jones)--Consumer confidence levels rose in June to their best level since September, a report Friday said.

The Reuters/University of Michigan consumer sentiment index for June moved to 70.8, from 69.0 in the preliminary index and 68.7 in May. It had been expected to hit 69.0.

The current conditions index for June was 73.2, from May's 67.7, while the expectations index was 69.2, from 69.4 the month before.

The one year inflation expectations reading was 3.1% in June, from 2.8%, and the five year reading was 3.0%, after May's 2.9%.

-By Michael S. Derby, Dow Jones Newswires; 212-416-2214; michael.derby@dowjones.com

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(END) Dow Jones Newswires

June 26, 2009 10:02 ET (14:02 GMT)

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