US Consumer Sentiment Falls in July


The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 93.3 in July, down from 96.1 in June and well below market expectations as concerns over the Greek crisis and the Chinese slowdown drove current and future expectations down.

The barometer of current economic conditions fell to 106 in July from a final reading of 108.9 in June and the gauge of consumer expectations decreased to 85.2 from 87.8 in the previous month.

Americans expect the inflation rate in the next year will rise to 2.8 percent from 2.7 percent in June. Over the next 5 to 10 years, they expect consumer prices to rise 2.7 percent, compared with 2.6 percent in the previous month.

US Consumer Sentiment Falls in July


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
7/17/2015 3:11:35 PM