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US: UoM Consumer Sentiment Index declines to 81.2 (final) in July from 85.5
The Consumer Sentiment Index in the US declined to 81.2 (final) in July from 85.5 in June, the University of Michigan's latest Surveys of Consumers showed on Friday. This reading missed the market expectation and the flash estimate of 80.8. Further details of the publication revealed that the Current Economic Conditions Index declined to 84.5 from 88.6 and the Consumer Expectations Index edged lower to 79 from 83.5. Finally, the 1-year Inflation Outlook jumped to 4.7% from 4.2%. Commenting on the data, "the largest monthly declines remained concentrated in the outlook for the national economy and complaints about ... (full story)