Key facts
- The RCM/TIPP Economic Optimism Index fell to 42.5 in June.
- This is a decrease of 0.1 points from the previous month.
- The index has remained below the neutral 50 threshold for 10 consecutive months.
- The June reading is 13.4% below the index's long-run average.
US consumer sentiment remained deeply pessimistic in June, as the RCM/TIPP Economic Optimism Index decreased by 0.1 points to 42.5. This marks the tenth consecutive month the index has stayed below the neutral 50 threshold, and it is currently 13.4% lower than its long-run average. The index measures consumer attitudes across six-month outlooks for personal finances, the national economy, and presidential approval. A reading below 50 indicates that more respondents hold pessimistic views than optimistic ones.