Updated: 31-Jul-20 10:23 ET
|Updated: 31-Jul-20 10:23 ET
- 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.
- 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.
- 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.
| Present conditions