Consumer sentiment was essentially unchanged from June, when it had reached an all-time low for the survey, according to the University of Michigan Surveys of Consumers. …
Overall, the index rose by 1.5 index points in July, well within the margin of error and remaining almost 37% below a year ago. The 2nd-quarter decline in overall GDP came as little surprise to consumers, who had slowed down their spending. …
The Consumer Sentiment Index rose to 51.5 in the July 2022 survey, up from 50 in June and below last July’s 81.2. CONTINUED
University of Michigan
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