US: UoM Consumer Sentiment Index (final) increased to 95.1
|"Although consumer confidence slipped to its lowest level since Trump was elected, the overall level still remains quite favorable," said Richard Curtin, Surveys of Consumers chief economist.
Key quotes:
- The average level of the Sentiment Index during the first half of 2017 was 96.8, the best half-year average since the second half of 2000
- The partisan divide still meant that June's Sentiment Index of 95.1 was nearly equal to both the average (95.7) between the optimism of Republicans and the pessimism of Democrats and the value for Independents (94.6)
- The data provide no indication of an imminent downturn nor do the data provide any indication of a resurgent boom in spending. Even with a much improved 2nd quarter, personal consumption spending is expected to advance during 2017 by about 2.3%.
- Index of Consumer Sentiment: 95.1 vs. 97.1 (May) vs. 93.5 (June 2016)
- Current Economic Conditions: 112.5 vs. 111.7 (May) vs. 110.8 (June 2016)
- Index of Consumer Expectations: 83.9 vs. 87.7 (May) vs. 82.4 (June 2016)
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