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End-July Consumer Sentiment Unexpectedly Slips to 93.1

Wall Street Journal (07/31/15) Kathleen Madigan

The University of Michigan final July sentiment index dropped from June’s 96.1, and from its preliminary reading of 93.3, to 93.1. Economists polled by the Wall Street Journal had forecast a July reading of 94.0. July’s final current conditions index increased from 106.0 to 107.2, while the expectations index dropped from 85.2 to 84.1.

One-year inflation expectations for all of July were in line with the preliminary 2.8% reading, and inflation expectations for the next five years rose from 2.7% to 2.8%.