India, June 27 -- A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than previously estimated in the month of June.
The University of Michigan said its consumer sentiment index for June was upwardly revised to 60.7 from a preliminary reading of 60.5.
Economists had expected the consumer sentiment index to be unrevised from the preliminary reading, which was already up sharply from 52.2 in May.
The sharp monthly increase by the headline index came as the index of consumer expectations surged to 58.1 in June from 47.9 in May, while the current economic conditions index jumped to 64.8 in May from 58.9 in June.
"The improvement was broadbased across numerous facets of t...