(CercleFinance.com) – US consumer confidence recovered more strongly than expected in July, the final results of the University of Michigan’s monthly survey showed on Friday.
In final data, its confidence index finally stands at 51.5, a level slightly higher than its first estimate (51.1) and a marked increase from the level of 50 reached in June, which was a historic low. .
The component of households’ judgment of their current situation rose sharply, to 58.1 from 53.8 last month, while the expectations sub-index fell slightly, to 47.3 from 47.5 last month. June.
Joanne Hsu, the author of the report, points out that inflation continues to occupy the minds of consumers, with prospects that continue to deteriorate on the side of the labor market.
Copyright (c) 2022 CercleFinance.com. All rights reserved.