Preliminary July UMich Consumer Confidence Preview
The Preliminary July UMich Consumer Confidence is expected at 55.5 after a final reading of 56.4 in June, the lowest level since the record low of May-80. Record high gas prices and a 2.2% drop in the S&P since the last reading will surely have a negative effect.
The Current Index fell from 73.3 in May to 67.6 in June, and the Expectations Index declined from 51.1 in May to 49.2 in June.
Related data include:
• July RBC-CASH Index dropped to 14.6 from 22.5 in June
• Weekly ABC Index improved to -41 from an average -43.7 in June
• June IBD/TIPP Sentiment Index decreased to 37.4 from 40.3 in May