Economic Buzz: US Consumer Sentiment Improves To 51.1 In July

18 Jul 2022 , 09:12 AM

Preliminary data released by the University of Michigan unexpectedly showed a modest improvement in U.S. consumer sentiment in the month of July. Consumer sentiment index inched up to 51.1 in July from a record low 50.0 in June. The unexpected increase by the headline index came as the current economic conditions index climbed to 57.1 in July from 53.8 in June. On the other hand, the report showed a modest decrease by the index of consumer expectations, which edged down to 47.3 in July from 47.5 in June.Powered by Commodity Insights