U. S. consumer confidence soars
Consumer sentiment rose this month to the highest level since January, suggesting that spending will strengthen this year.
The University of Michigan says its consumer sentiment index rose to 96.1 from 90.7 in May.
The June reading was the highest since January’s 98.1. The index is up from 82.5 a year ago.
For the first six months of 2015, consumer optimism improved at the fastest pace since 2004, three years before the Great Recession, said Richard Curtin, chief economist for the Michigan survey.