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Consumer Sentiment Remained Near Record Lows In Late July

Summary

  • The final July results from the University of Michigan Surveys of Consumers show overall consumer sentiment remained near record lows.
  • The one-year inflation expectations fell to 5.2 percent as of late July.
  • The plunge in consumer attitudes reflects a confluence of events with inflation leading the pack.

On a white surface are twisted dollars, a notebook and a cardboard sign with the inscription - Consumer Sentiment

Dzmitry Skazau

The final July results from the University of Michigan Surveys of Consumers show overall consumer sentiment remained near record lows (see first chart). The composite consumer sentiment increased to 51.5 in late July, up from the record low

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Comments (2)

Agbug profile picture
"The index is slightly above the record low but remains consistent with prior recessions." Whether it's a recession or not is academic really, but the glumness is very reminiscent of the late 70's and early 80's. This too shall pass, we hope.
P
There is lot of pent up summer demand! Once schools open, real picture will emerge
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