Consumer sentiment above expectations in final July read

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The University of Michigan's July consumer sentiment index reading was 97.9, compared to the preliminary July 97.1, and the final June 98.2, according to market sources.

The expectations index was 87.3 compared to the preliminary July 86.4, and the final June 86.3.

The current conditions index was 114.4, compared to the preliminary July 113.9, and the final June 116.5.

Economists polled by IFR Markets had predicted a 97.1 reading for the main index.

The five-year inflation expectation index was 2.4%, compared to 2.6% in June, while the one-year inflation expectation index was 2.9%, compared to 3.0% in June.

The University of Michigan index is not released to the press, but only to paying subscribers.

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Economic indicators Consumer sentiment index