Key Insights on US Consumer Sentiment and Inflation Expectations in July

Friday, 12 July 2024, 14:19

The University of Michigan's survey revealed a decline in consumer sentiment to 66.0 in July from 68.2 in June. However, there was an optimistic shift in inflation expectations for the upcoming year and beyond. Economists were slightly off in their forecast, expecting a reading of 68.5.
Yahoo Finance
Key Insights on US Consumer Sentiment and Inflation Expectations in July

US Consumer Sentiment Overview

The University of Michigan's preliminary consumer sentiment index dipped to 66.0 in July from 68.2 in June, showing a decrease. Despite the decline, there are positive signals in inflation expectations for the future.

Inflation Expectations Improvement

Positive trend: Inflation expectations for the upcoming year and beyond improved, indicating some optimism among consumers.

  • Survey Results: Preliminary reading is lower than June's final figure.
  • Economists' Forecast: Slightly lower than the expected 68.5.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe