By Robert Hughes
The final June results from the University of Michigan Surveys of Consumers show overall consumer sentiment fell slightly from the final May result. Consumer sentiment decreased to 98.2 in June, down from 100.0 in May, a 1.8 percent decline (see chart). From a year ago, the index is unchanged. Despite the slight decline for the month, sentiment is holding at very favorable levels.
The two sub-indexes had opposing performances in June. First, the current-economic-conditions index rose to 111.9 from 110.0 in May (see chart). That is a 1.7 percent gain for the