Preliminary results show improvement over June but index remains below year ago levels.
The Index of Consumer Sentiment was up just over one index point from June according to the University of Michigan Surveys of Consumers. The preliminary July result of 61.8 was up 1.1 points, or 1.8%, from 60.7 in June. The preliminary July result, its highest value in five months, is 6.9% below July 2024 index of 66.4 for the full month.
Consumer sentiment is considered a leading indicator of economic activity. Sentiment levels can also impact consumer’s willingness to make large purchases such as automobiles.
The consumer
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.
Leave a Reply
You must be logged in to post a comment.