Consumer sentiment on its 8 month nadir in the world’s largest economy

By: Trademagazin editor Date: 2017. 07. 14. 11:04

Consumer sentiment in July reached an 8 month nadir in the United States – the regular monthly survey of the Michigan University revealed. The preliminary results were published on Friday.

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In July, the preliminary, estimated value of the consumer mood index dropped to 93.1 the lowest level of the last eight months, from the 95.1 points in June.

Analysts expected a final value of 95.0 points in July.

Among the sub-indices, the consumer expectations for the next six months declined from 83.9 of June to 80.2 in July, and the sub-index reflecting the current situation rose from 112.5 to 113.2 points. (MTI)

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