US Consumer Sentiment Revised Slightly Up


The University of Michigan's consumer sentiment for the United States came in at 90 in July 2016, slightly up from a preliminary reading of 89.5 but well below 93.5 in June. It is the lowest reading since April as both current conditions and future expectations worsened, final figures showed.

The barometer of consumer expectations came in at 77.8 compared to a preliminary reading of 77.1 and a final of 82.4 in the previous month. The gauge of current economic conditions came in at 109 compared to a preliminary of 108.7 and a final of 110.8 in June.

Americans expect the inflation rate in the next year to be 2.7 percent, lower than a preliminary of 2.8 percent but up from 2.4 percent in June. Over the next 5 years, they expect consumer prices to accelerate to 2.6 percent, in line with earlier estimates and up from 2.3 percent in June.

US Consumer Sentiment Revised Slightly Up


University of Michigan | Joana Taborda | joana.taborda@tradingeconomics.com
7/29/2016 3:14:26 PM