Consumer sentiment enjoyed broad-based improvement in June, the University of Michigan reported Friday, releasing preliminary results of its monthly index.

At 60.5, the university’s Consumer Sentiment Index is up eight points and 16% from May’s level of 52.2. It’s also five points higher than economists’ expectations.

The improvement in consumer sentiment in June was the index’s first monthly increase in six months. What’s more, results for all demographic groups and regions of the country, as well as each of the index’s five components, improved.

Expectations for both short-term and long-term business also recorded significant gains, which the report observes is “consistent with a perceived easing of pressures from tariffs” imposed this year by the Trump Administration.

“Consumers’ fears about the potential impact of tariffs on future inflation have softened somewhat in June,” the report notes. Compared to May, expectations of high inflation eased, for both the year ahead and beyond. Both readings are the lowest in three months, the university reports.