Updated: 31-Jul-20 10:23 ET

July Univ. of Michigan Consumer Sentiment - Prelim

Updated: 31-Jul-20 10:23 ET

Highlights

• The final July reading for the University of Michigan Index of Consumer Sentiment slipped to 72.5 from the preliminary reading of 73.2 and the final June reading of 78.1.

Key Factors

• The Current Economic Conditions Index fell to 82.8 from the preliminary reading of 84.2. The final June reading was 87.1.
• The Expectations Index dropped to 65.9 from the preliminary reading of 66.2. The final June reading was 72.3.

Big Picture

• The key takeaway from the report is that the Expectations Index fell back to a six-year low, exposing a potential headwind for spending activity that is integral for stronger growth.

Category	JUL	JUN	MAY	APR	MAR
Sentiment	72.5	78.1	72.3	71.8	89.1
Outlook	65.9	72.3	65.9	70.1	79.7
Present conditions	82.8	87.1	82.3	74.3	103.7