Consumer Sentiment Up In June, But Economic Optimism Still Elusive

by Michael Catarevas

Following consumer sentiment rising in June, the latest University of Michigan Consumer Sentiment Index improved further by 9.9% in July, reaching 54.4. However, the indicator declined by 11.8% on an annual basis. The Current Economic Conditions Index rose by 15.1% month-over-month, yet plummeted 19.3% year-over-year to stand at 54.9 in July. Meanwhile, the Index of…

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