Consumer Sentiment Hits 5-Month High, Improving Over Prelim Estimates
Consumers reported lower near-term inflation expectations as the index rose almost 12% from June, the university said.
- July's consumer sentiment index rebounded nearly 12 percent to 55.2, according to the University of Michigan's July 31 report, surpassing the preliminary estimate of 54.4.
- Contrasting the university's data, The Conference Board reported consumer confidence fell to 90.8 in July, with chief economist Dana Peterson citing a "continuing a general downward sloping trajectory since late 2021."
- Scott Anderson, chief U.S. economist at BMO Economics, stated the economy "found its footing" in the second quarter, supported by 3.2 percent consumer spending and inflation slowing to 3.7 percent.
- The National Retail Federation projects a record $147 billion in back-to-school spending, with 62 percent of consumers already shopping and analyst Peter Ramer noting the category remains resilient "even amid headwinds."
- Ongoing geopolitical tensions between Washington and Tehran continue pressuring energy markets, with West Texas Intermediate oil rising above $85 on the New York Mercantile Exchange and gasoline averaging $4.10, according to the American Automobile Association.
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Consumer Sentiment Jumps in July as Gas Prices Fall and Inflation Expectations Ease
The University of Michigan’s consumer sentiment index climbed to 55.2 in July, beating expectations as falling gasoline prices and softer inflation readings improved Americans’ views ... The post Consumer Sentiment Jumps in July as Gas Prices Fall and Inflation Expectations Ease first appeared on [your]NEWS.
(New York = Yonhap News) Correspondent Kim Yeon-sook = U.S. consumer sentiment continued to improve for the second consecutive month in July.
US Consumer Sentiment Blows Past Expectations in July
Americans are feeling better about the economy despite pocketbook issues weighing on households across the country, according to the University of Michigan’s widely watched survey. July’s consumer sentiment index rebounded almost 12 percent from June to 55.2, the university said on July 31. This was higher than the preliminary estimate of 54.4 released earlier this month. The consensus forecast was 54. The indexes for current economic conditions…
Consumer Sentiment Rises More Than Expected In July
Consumer sentiment rallied in July as gasoline prices tumbled and inflation indexes turned negative. The University of Michigan’s final July sentiment index rose to 55.2 this month, according to data released Friday. That was better than expected and an increase The post Consumer Sentiment Rises More Than Expected In July appeared first on Breitbart.
Consumers Give President Trump’s Economy An Unexpectedly Strong Vote Of Confidence
While the left likes to cherry-pick statistics designed to tarnish President Donald Trump’s economic record, American consumers are starting to recognize the truth. In a new reading of consumer sentiment, the University of Michigan points to a wide-ranging rebound between June and July. As Breitbart reported: “Consumer sentiment confirmed its early-month reading, landing almost 12% above June,” said Joanne Hsu, the director of the survey. “Broad…
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