Ron Antonelli/Bloomberg News
Consumer confidence in the United States fell in June to a three-month low, adding to signs of a more restrained rebound in the second-quarter economy.
The Thomson Reuters/University of Michigan preliminary index of sentiment decreased to 81.2 from 81.9 in May. The median projection in a Bloomberg survey of 67 economists called for a June reading of 83.
Elevated fuel prices and limited wage gains are weighing on Americans’ moods and squeezing their pocketbooks even as employers add workers and cut back on firings.
“The consumer-sentiment picture really hasn’t changed very much over the past year,” said David Sloan, senior economist at 4Cast Inc. “It’s consistent with the picture that the economy is growing but not very fast.”