US consumers satisfied with their finances, survey shows

WASHINGTON: The weakest US consumer expectations since the election indicate growing concern about prospects for President Donald Trump’s agenda, though Americans’ high satisfaction with their finances should support continued spending, University of Michigan survey data showed.

Final sentiment index fell to 95.1 (forecast and preliminary reading were 94.5) from 97.1 in May while expectations measure dropped to 83.9 in June, lowest since October, from 87.7 the prior month; preliminary reading was 84.7.