Consumer Sentiment Tumbles In June, Reaches 7-Month Low: 'High Prices As Well As Weakening Incomes' Raise Concerns
Consumer Sentiment Tumbles In June, Reaches 7-Month Low: 'High Prices As Well As Weakening Incomes' Raise Concerns
Year-ahead inflation expectations remained steady at 3.3% this month, which is higher than the 2.3-3.0% range observed in the two years preceding the pandemic. Preliminary estimates from the University of Michigan indicate a sharper-than-expected decline in U.S. consumer confidence in June, reaching its lowest point in seven months.
密歇根大学的初步估计显示，6月美国消费者信心出现了比预期更为明显的下降，达到了7个月来的最低点。
The survey also showed that inflation expectations remain largely unchanged, suggesting that the decreased consumer sentiment has not led to a perception of reduced price pressures in the coming years.
调查还显示，通胀预期基本不变，表明降低的消费者情绪并未导致未来几年价格压力的认知降低。
University of Michigan Consumer Sentiment Report For June: Key Highlights
6月密歇根大学消费者情绪报告：主要亮点。
- The University of Michigan consumer sentiment index fell from 69.1 in May to 65.6, sharply missing Econoday's market consensus predictions of 73. It marks the lowest consumer morale since November 2023.
- The sub-index for consumer expectations eased from 68.8 to 67.6, below the expected 70.
- The sub-index for current conditions tumbled from 69.6 to 62.5, below the predicted 71.
- The year-ahead inflation expectations were unchanged at 3.1%. Long-term inflation expectations edged slightly higher from 3% to 3.1%.
- 密歇根大学的消费者情绪指数从5月的69.1下降到了65.6，大幅低于Econoday市场预估的73。这标志着消费者士气跌至2023年11月以来的最低点。
- 消费者预期的子指数从68.8下降到67.6，低于预期的70。
- 当前情况的子指数从69.6下跌到62.5，低于预测的71。
- 一年内的通胀预期持平于3.1%。长期通胀预期略微上升，从3%上升到3.1%。
Economist Takeaways
经济学家的看法。
"Assessments of personal finances dipped, due to modestly rising concerns over high prices as well as weakening incomes. Overall, consumers perceive few changes in the economy from May," University of Michigan's Surveys of Consumers Director Joanne Hsu, said.
“由于对高物价和收入疲软的担忧略微上升，个人财务状况的评估下降。总体而言，消费者认为从5月以来经济变化不大，”密歇根大学的消费者调查主任Joanne Hsu表示。
Year-ahead inflation expectations remained steady at 3.3% this month, which is higher than the 2.3-3.0% range observed in the two years preceding the pandemic.
本月，一年内的通胀预期保持稳定，为3.3%，高于疫情前两年观察到的2.3-3.0%的区间。
Long-term inflation expectations slightly increased from 3.0% last month to 3.1% this month.
长期通胀预期从上个月的3.0%略微上升到了本月的3.1%。
Although long-term expectations have been notably stable over the past three years, they "remain elevated relative to the 2.2-2.6% range seen in the two years pre-pandemic," Hsu added.
虽然长期预期在过去三年中明显稳定，但是它们“相对于疫情前观察到的2.2-2.6%的区间仍然高企”，Hsu补充道。
Market Reactions
市场反应
Wall Street hovered in the red Friday, after major indices, such as the S&P 500 and the Nasdaq 100, hit record high closes on Thursday.
周五，华尔街在标普500指数和纳斯达克100指数等主要指数周四创下历史新高后收于红色。
The SPDR S&P 500 ETF Trust (NYSE:SPY) fell following the report, extending the session decline to 0.4%. Small caps also witnessed a drop, with the iShares Russell 2000 ETF (NYSE:IWM) down 1.7% for the day.
报道公布后，SPDR标普500 ETF信托基金（NYSE:SPY）下跌，当日下跌0.4%。小盘股也出现下跌，纳斯达克100指数ETF（NYSE: IWM）当日下跌了1.7%。
Investors flocked to safe havens again, with the bond yields down across all maturities. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) rose 0.9%, and by 3.5% for the week, eyeing the strongest weekly performance since December 2023.
投资者再次涌向避险资产，各种债券期限的收益率均下跌。 iShares 20+ Year Treasury Bond ETF（NASDAQ:TLT）上涨了0.9%，本周涨幅达到3.5%，为自2023年12月以来的最强周表现。
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Photo: Shutterstock
Photo: shutterstock