US EditionCalifornia Consumer Confidence Rises Slightly in July
CALIFORNIA, UNITED STATES, AUG 1 – Consumer confidence rose 2% in July despite tariff worries, with 57% of consumers concerned tariffs may raise prices and impact the economy, according to University of Michigan data.
- This month, the University of Michigan Surveys of Consumers showed sentiment nudged up for a second consecutive month but remains 17% lower than at the end of last year.
- U.S. Bureau of Labor Statistics reported 73,000 jobs were created last month, while 57% of consumers cited concerns about President Donald Trump’s tariffs before Aug. 7.
- Reflecting regional contrasts, Michigan’s consumer confidence index rose 10% for July, 19% above October and 38% above average, while Texas increased 15%, 6% above both October and the average.
- This month’s improvement was particularly strong among consumers who hold stocks, whereas Joanne Hsu noted that consumers without stock holdings posted a decline in sentiment despite boosted personal finances.
- The Budget Lab at Yale University estimates tariffs will raise consumer prices by 1.8% in the short term and cost the average U.S. household $2,400 this year, while about 57% of consumers expect unemployment to rise in the coming year.
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San Diego Union Tribune
California consumer confidence rises slightly in July
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Spectrum Local News
Consumer sentiment improved slightly in July, University of Michigan survey says
Sentiment is 17% lower than it was in December 2024.
At 4 p.m., according to US labour market data, further data on the US economy was reported at 2:30 p.m.. The ISM Industrial Purchasing Manager Index was reported at 48 points in July (expected 49.5), the weakest result for nine months. Consumer confidence of the University of Michigan for July was reported at 61.7 points (expected 62.0). [...] The post ISM Index and University of Michigan: Weaker US Economy appeared first on financial marketwelt…
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Discover key data points we are watching in week 30 of 2025. This week, we highlight US consumer sentiment, AI investments and Canada store openings and closures.The post Three Data Points We’re Watching This Week, Week 31: US Consumer Sentiment, AI Investments and Canada Stores appeared first on Coresight Research.
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