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Bailout
: Calculated RiskReuters University of Michigan's Consumer Sentiment drops sharply in July
By Anonymous
The survey's preliminary July reading on the overall index on consumer sentiment plummeted to 66.5 from 76.0 in June.The figure was below the median forecast of 74.5 among economists polled by Reuters.
Click on graph for larger image in new window.Consumer sentiment is a coincident indicator - and this is further evidence of an economic slowdown.
Interesting - the survey's one-year inflation expectations increased to 2.9% even as measured inflation has been falling.
Full post as published by Calculated Risk on July 16, 2010 (boomark / email).
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