Consumer sentiment below expectations in preliminary July read

The University of Michigan's preliminary July consumer sentiment index reading was 97.1, compared to the final June 98.2 and the preliminary June 99.3, according to market sources.

The expectations index was 86.4 compared to the final June 86.3 and the preliminary June 87.4.

u-of-mich-bl
The Institute for Social Research, which releases the consumer sentiment report, on the campus of the University of Michigan in Ann Arbor, Michigan is seen on March 16, 2004. The University of Michigan said the FBI and college officials are investigating ``the unauthorized access and public release'' of its February consumer sentiment report. The index was published by the Market News International news service before being released to subscribers on Feb. 13, Richard Curtin, director of the university's Institute for Social Research, which compiles the index, said in an interview. Photographer: Brett Mountain/ Bloomberg News. Photo: BRETT MOUNTAIN)

The current conditions index was 113.9, compared to the final June 116.5 and the preliminary June 117.9.

Economists polled by IFR Markets had predicted a 98.3 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 2.9% in June.

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

For reprint and licensing requests for this article, click here.
Economic indicators Consumer sentiment index
MORE FROM BOND BUYER