The University of Michigan's final July consumer sentiment index reading was 72.3, compared to the preliminary July 72.0, and the final June 73.2 reading, according to market sources.

The expectations index was 65.6, compared to 64.8 earlier in the month, and 67.8 in June.

The current conditions index was 82.7, compared to 83.2 earlier in the month, and 81.5 in June.

Economists polled by Thomson Reuters had predicted a 72.0 reading for the main index, 83.0 for current conditions and 64.8 for expectations.

The five-year inflation expectation index was 2.7%, compared to 2.8% earlier in July and 2.8% in June, while the one-year inflation expectation index was 3.0%, compared to 2.8% earlier in July and 3.1% in June.

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

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.