Consumer confidence in the U.S. rose in June compared May, reaching a nine-month high, according to a survey released Friday.
It was the fourth straight month of confidence growth.
The Reuters/University of Michigan Surveys of Consumers said that its preliminary index of confidence for June was 69.0, up from 68.7 in May.
The results were slightly lower than economists expectations of a 69.5 readings, according to a poll from the Reuters news agency.
Consumers’ expectations about inflation also rose, saying they expect an inflation rate of 3.1 percent in the next 12 months compared with expectations of 2.8 percent in May.