The us consumer sentiment index deteriorated to 72.5

31.07.2020 17:44
The University of Michigan consumer survey showed that the consumer sentiment index deteriorated to 72.5 in July from 78.1 in June. This value was lower than the previous estimate of 73.2, and market expectations of 73. The current economic conditions index fell to 82.8 from 87.1, and the consumer expectations index fell to 65.9 from 72.3.
Commenting on the data, "consumer sentiment declined further at the end of July due to the ongoing spike in coronavirus," said Richard Curtin, chief economist at Surveys of Consumers. "Federal aid programs have prevented a more significant decline in consumer finances, partially protecting consumers from an unprecedented increase in job losses, reduced hours, and reduced wages."
The US dollar index moved slightly away from session highs after this data and last showed a 0.13% increase on the day to 93.09.

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