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- U.S. consumer sentiment improves as initially estimated in July
U.S. consumer sentiment improves as initially estimated in July
The final
reading for the July Reuters/Michigan index of consumer sentiment was confirmed
at 98.4, above the June final reading of 98.2.
Economists had
forecast the index to be revised upwardly to 98.5.
According to
the report, the index of the current economic conditions fell to 110.7 from June’s
final reading of 111.9.
Meanwhile, the
index of consumer expectations increased to 90.5 from June’s final reading of 89.3.
The report
notes that economic confidence has been remarkably stable since the start of
2017, despite ongoing trade uncertainties. The resilience displayed has been
primarily due to a renewed sense of personal financial optimism.
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