Consumer Swoon In June

The Thomson Reuters/University of Michigan consumer sentiment index fell from 74.3 in May 2011 to 71.5 in June, indicating lackluster consumer enthusiasm, while the consumer expectations index fell from 69.5 in May to 64.8 in June, indicating they're none too happy about the future, either. The economic conditions index remained essentially flat, nudging up from 81.9 in May to 82.0 in June. This could be a long, hot summer before retailers get a break with back-to-school season.