- Analytics
- News and Tools
- Market News
- Thomson Reuters/University of Michigan preliminary consumer sentiment index drops to 93.3 in July
Thomson Reuters/University of Michigan preliminary consumer sentiment index drops to 93.3 in July
The Thomson Reuters/University of Michigan preliminary consumer sentiment index dropped to 93.3 in July from a final reading of 96.1 in June, missing expectations for an increase to 96.4.
"Consumer confidence continued to meander sidewards with no indication of a potential break in the prevailing positive trend in sentiment. The small loss in early July reflected a slight rise in concerns about international developments which was partially offset by continued news of job gains," the Surveys of Consumers chief economist at the University of Michigan Richard Curtin said.
The drop in the index was mainly driven by declines in the index of current economic conditions and the index of consumer expectations.
The index of current economic conditions declined to 106.0 in July from 108.9 in June, while the index of consumer expectations decreased to 85.2 from 87.2.
The one-year inflation expectations in July was up to 2.8% from 2.7% in May.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
