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Consumer Sentiment Inches Up In July
Consumer sentiment inched up in July, increasing for a second straight month. The Michigan Consumer Sentiment Index was up 1.8% (1.1 points) to 61.8 this month. This is the index's highest level since February but still reflects historically low levels of optimism. Consumer sentiment has fallen by 6.9% (4.6 points) compared to a year ago.
While inflation expectations have improved, consumers still foresee a “substantial risk” that inflation will jump in the future.
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Consumer Confidence Index has languished below the neutral 100 mark for more than three years, the longest and deepest ...
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