University of Michigan Says Consumer Sentiment Rebounds in July to 55.2
Current economic conditions and consumer expectations both rose, while year-ahead inflation expectations eased to 4.2%, the university said.
- July's consumer sentiment index rebounded nearly 12 percent to 55.2, according to the University of Michigan's July 31 report, surpassing the preliminary estimate of 54.4.
- Contrasting the university's data, The Conference Board reported consumer confidence fell to 90.8 in July, with chief economist Dana Peterson citing a "continuing a general downward sloping trajectory since late 2021."
- Scott Anderson, chief U.S. economist at BMO Economics, stated the economy "found its footing" in the second quarter, supported by 3.2 percent consumer spending and inflation slowing to 3.7 percent.
- The National Retail Federation projects a record $147 billion in back-to-school spending, with 62 percent of consumers already shopping and analyst Peter Ramer noting the category remains resilient "even amid headwinds."
- Ongoing geopolitical tensions between Washington and Tehran continue pressuring energy markets, with West Texas Intermediate oil rising above $85 on the New York Mercantile Exchange and gasoline averaging $4.10, according to the American Automobile Association.
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US Consumer Sentiment Revised Higher to Five-Month High
The University of Michigan's Consumer Sentiment Index was revised higher to 55.2 in July 2026 from a preliminary reading of 54.0, reaching its highest level since February, before the US-Iran conflict drove gas prices higher. Sentiment improved across all income, age, education, wealth, and political groups. Consumers' five-year outlook for business conditions climbed to a 12-month high, though it remained well below its historical average. Desp…
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Consumer Sentiment Jumps in July as Gas Prices Fall and Inflation Expectations Ease
The University of Michigan’s consumer sentiment index climbed to 55.2 in July, beating expectations as falling gasoline prices and softer inflation readings improved Americans’ views ... The post Consumer Sentiment Jumps in July as Gas Prices Fall and Inflation Expectations Ease first appeared on [your]NEWS.
US Consumer Sentiment Rises to Five-Month High
The University of Michigan's final July sentiment index increased to 55.2 this month, according to the survey released Friday. That's an improvement from the preliminary estimate of 54.4. Michael... -July 31, 2026 at 12:13 pm EDT MarketScreener
(New York = Yonhap News) Correspondent Kim Yeon-sook = U.S. consumer sentiment continued to improve for the second consecutive month in July.
US Consumer Sentiment Blows Past Expectations in July
Americans are feeling better about the economy despite pocketbook issues weighing on households across the country, according to the University of Michigan’s widely watched survey. July’s consumer sentiment index rebounded almost 12 percent from June to 55.2, the university said on July 31. This was higher than the preliminary estimate of 54.4 released earlier this month. The consensus forecast was 54. The indexes for current economic conditions…
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