University of Michigan Sentiment Perks Up a Bit

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Economic Update: University of Michigan’s Consumer Sentiment Index

The final reading for the July University of Michigan’s Consumer Sentiment Index was reported at 72.3, which was above the preliminary reading of 72 but below last month’s reading of 73.2.

Note that there are two reports for the Confidence Index each month: Preliminary and Final.

Last 12 months for comparison purposes:

• June: 73.2
  
• May: 79.3
  
• April: 76.4
  
• March: 76.2
  
• February: 75.3
  
• January: 75.0
  
• December: 69.9
  
• November: 64.1
  
• October: 60.9
  
• September: 59.4
  
• August: 55.7

The Current Conditions component was reported at 82.7, which was below the preliminary read of 83.2 but above the June reading of 81.5 (May: 87.2).

Finally, the twelve month Economic Outlook came in at 65.6, above the preliminary reading of 64.8 but again, below June’s reading 67.8.

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Other stories on the US Economy to review:

• GDP Slows to 1.5% in Q2
  
• Pending Home Sales Down in June
  
• Durable Goods Up on Transportation Orders
  
• Markit's Flash Manufacturing PMI Weakest in 19 Months
  
• Philly Fed Down Again in July
  
• LEI Falls Again in June
  
• Existing Home Sales Fall in June
  
• Housing Starts Higher, Permits Lower in June
  
• Industrial Production Above, Capacity Utilization Below Expectations
  
• CPI Shows Inflation Flat in June
  
• Empire Manufacturing Improves in July
  
• Retail Sales Disappoint in June
  
• PPI Up in June
  
• Import/Export Prices Down in June
  
• NFIB Small Business Optimism Index Pulls Back Again
  
• Jobs Report Disappoints Again in June
  
• ISM Non-Manufacturing Index Disappoints in June
  
• ADP Employment Surprises to Upside
  
• Challenger Planned Job Cuts Best in Year
  
• Factory Orders BTE in May
  
• Construction Spending Above Consensus in May
  
• ISM Manufacturing Plunges in June
  
• Chicago PMI Headline Improves But...

 

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