Key Insights on US Consumer Sentiment and Inflation Expectations in July
Friday, 12 July 2024, 14:19
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.