US consumer confidence rises to 48.9 points in June.

The University of Michigan Consumer Sentiment Index, released this Friday (12), registered significant relief in June, advancing about 4 points compared to May, when it hit a historic low of 44.8 points. The positive result was driven by relief over the drop in gasoline prices. “The improvement was broad — observed across different age groups, education levels and political affiliation —, with particular emphasis on low-income consumers, a segment in which gasoline represents the most significant portion of the budget,” explained DA Economics.

This text was translated by machine from Brazilian Portuguese.