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UMich consumer sentiment rises to 55.2 in July as inflation expectations ease

The reading topped the 54.0 consensus and improved from 49.5 in June, while one-year inflation expectations fell to 4.2% from 4.6%.

Summary

University of Michigan consumer sentiment improved to 55.2 in July, beating the 54.0 consensus and rebounding from 49.5 in June. The report also showed one-year inflation expectations easing to 4.2% from 4.6%, a combination that can signal consumers are feeling somewhat less pessimistic about the economic outlook and price pressures.

Terms & Concepts
  • consumer sentiment: A survey-based measure of household confidence in the economy.
  • inflation expectations: What consumers think prices will rise by in the future.