Consumer Confidence Slips in June

Consumer confidence fell this month from a six-year high in May, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

The month’s final index fell to a reading of 84.1 from 84.5 in May that had been the highest since July 2007.

The reading was higher than a preliminary 82.7 two weeks ago and topped economists’ median forecast a reading of 83, Bloomberg News reported.

The index averaged 64.2 during the recession that ended in June 2009 and 89 in the five years prior to that.