University of Michigan consumer sentiment for July 66.4 versus 66.0 estimate (and prelim)

[forex4you]

University of Michigan consumer sentiment for July 66.4 versus 66.0 estimate (and prelim)

• Prior month 68.2
• Current condition 62.7 versus 64.1 preliminary and 65.9 last month.
• Expectation 68.8 versus 67.2 preliminary, and 69.6 last month
• 1 year inflation expectations 2.9% versus 2.9% preliminary and 3.0% last month.
• 5 year inflation expectations 3.0% versus 2.9% preliminary and 3.0% last month

A mix of the details compared to the preliminary.

• Sentiment higher employment area
• Current conditions lower employment area
• Expectations higher than preliminary

In an interesting study chart of the consumer sentiment within the survey, those surveyed with the Top tercile of stock holdings had higher confidence, while those who did not all stocks has a much more negative view on the consumer sentiment.  That is not too surprising given the relative rise in US stock markets over the last year and a half.

                This article was written by Greg Michalowski at www.forexlive.com.

Source: University of Michigan consumer sentiment for July 66.4 versus 66.0 estimate (and prelim)

forexlive.com