The Conference Board reported that its index of consumer confidence rose to 91.2 in June, according to data reported by Gdelt. This figure represents a slight increase from the previous month, though the board revised its May gauge down to 90.6 from a preliminary 93.1. The June reading was noted as the lowest for the month in over a decade and among the lowest over the past 12 months.

In contrast, the University of Michigan reported that its preliminary consumer sentiment reading for June increased to 48.9, marking a 9% rise and the first increase since February, according to CNN. Survey data cited by The Guardian indicated that easing gas prices contributed to Americans feeling better about their personal finances and the economy. The national average price for a gallon of gas was $3.85 as of Tuesday, following five weeks of declining prices.

Despite the recent uptick, consumer sentiment remained at historically low levels. Data from the University of Michigan, reported by The Guardian and CNN, indicated that sentiment had fallen to historic lows due to wartime price spikes, rising inflation, and ongoing conflict in the Middle East. While negative sentiment decreased slightly as gas prices fell, the overall sentiment remained constrained by these broader economic and geopolitical factors.