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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The latest University of Michigan Consumer Sentiment Index showed that Americans are upbeat about the economy this month compared with May. The index, which evaluates the relative level of current and future economic conditions through a survey of approximately 500 consumers, recorded a reading of 49.5, compared with May’s 44.8. While the 10.5% month-over-month increase…

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