US Consumer Sentiment Falls to 3-Month Low


The University of Michigan's consumer sentiment for the United States came in at 89.5 in July 2016, down from 93.5 in June and well below market expectations of 93.5. It is the lowest reading since April as current conditions worsened, the future outlook reached the lowest since September of 2014 and inflation expectations rose, preliminary figures showed.

The barometer of consumer expectations went down to 77.1 from 82.4 in the previous month and the gauge of current economic conditions declined to 108.7 from 110.8 in June.

Americans expect the inflation rate in the next year to be 2.8 percent, up from 2.4 percent in June. Over the next 5 years, they expect consumer prices to accelerate to 2.6 percent from 2.3 percent in June. 

US Consumer Sentiment Falls to 3-Month Low


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
7/15/2016 3:14:14 PM