NEW YORK - The University of Michigan's final July consumer sentiment index reading was 63.7, compared to the preliminary July 63.8, the final June 71.5, the preliminary June 71.8, and the final May 74.3 reading, according to market sources.
The expectations index was 56.0, compared to 55.8 earlier this month, 64.8 in June, 66.8 earlier in June, and 69.5 in May.
The current conditions index was 75.8, compared to 76.3 earlier this month, 82.0 in June, 79.6 earlier in June, and 81.9 in May.
Economists polled by Thomson Reuters had predicted a 64.0 reading for the main index, 76.3 for current conditions and 56.5 for expectations.
The five-year inflation expectation index was 2.9% compared to 2.8% earlier in the month, 3.0% in June, and 2.9% in May, , while the one-year inflation expectation index was 3.4%, compared to 3.8% in June, and 4.1% in May.
The University of Michigan index is not released to the press, but only to paying subscribers.
