The University of Michigan's preliminary July consumer sentiment index reading was 93.1, compared to the final June 95.1, and the preliminary June 94.5, according to market sources.

The expectations index was 80.2, compared to the final June 83.9, and the preliminary June 84.7.

The current conditions index was 113.2, compared to the final June 112.5, and the preliminary June 109.6.

Economists polled by Thomson Reuters had predicted a 95.0 reading for the main index.

The five-year inflation expectation index was 2.6%, compared to 2.5% in June, while the one-year inflation expectation index was 2.7%, compared to 2.6% in June.

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

The Institute for Social Research at the University of Michigan, which releases the consumer sentiment report.
The Institute for Social Research at the University of Michigan, which releases the consumer sentiment report. Bloomberg News

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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.