FOREX TradingCharts.com

Financial News: U.S. Consumer Sentiment Drops Less Than Initially Estimate

U.S. Consumer Sentiment Drops Less Than Initially Estimated In June

06/30/2017 - 10:11:00 (RTTNews)

(RTTNews) - Consumer sentiment in the U.S. decreased by less than initially estimated in the month of June, the University of Michigan revealed in a report on Friday.

The report said the consumer sentiment index for June was upwardly revised to 95.1 from the preliminary reading of 94.5. Economists had expected the index to be unrevised.

Despite the upward revision, the consumer sentiment index for June was still down from the final May reading of 97.1.

"Although consumer confidence slipped to its lowest level since Trump was elected, the overall level still remains quite favorable," said Richard Curtin, the survey's chief economist.

He added, "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 decrease by the consumer sentiment index came as the index of consumer expectations fell to 83.9 in June from 87.7 in May.

On the other hand, the report said the index of current economic conditions rose to 112.5 in June from 111.7 in the previous month.

The University of Michigan said one-year inflation expectations held steady at 2.6 percent, while five-year inflation expectations inched up to 2.5 percent in June from 2.4 percent in May.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


MEXICO: IMF Increases GDP Growth Estimate To 1.9% In 2017 (11 min(s), 24 sec(s) ago)
(RTTNews) - The International Monetary Fund (IMF) raised Mexico's economic growth outlook for ...Full Story»

BRAZIL: Center-south Sugar Cane Crush Is Down 6.13% On Year (35 min(s), 24 sec(s) ago)
(RTTNews) - Brazil's center-south sugar cane crush for the 2017-18 harvest was down 6.13% on y ...Full Story»

BRAZIL: Central Bank Starts Monetary Policy Meeting (58 min(s), 24 sec(s) ago)
(RTTNews) - The Brazilian central bank's monetary policy committee (Copom) meeting started Tue ...Full Story»

U.S. Consumer Confidence Unexpectedly Improves In July (05 hr(s), 32 min(s), 24 sec(s) ago)
(RTTNews) - Consumer confidence in the U.S. unexpectedly improved in the month of July, according ...Full Story»

PMI Fall Unlikely To Deter ECB From Tapering Asset Buys This Year (06 hr(s), 10 min(s), 24 sec(s) ago)
(RTTNews) - The latest slowing in the private sector growth in the euro area and the fall in the p ...Full Story»

German Business Sentiment Hits Record High (08 hr(s), 19 min(s), 24 sec(s) ago)
(RTTNews) - German business confidence strengthened further to a fresh record high in July as comp ...Full Story»

EU Says Confidence Returning As Greece Sells Bonds First Time Since 2014 (09 hr(s), 08 min(s), 24 sec(s) ago)
(RTTNews) - Greece has made much progress since 2010 and investor confidence is returning to the c ...Full Story»

Brazil Consumer Confidence Falls For Second Month: FGV (09 hr(s), 11 min(s), 24 sec(s) ago)
(RTTNews) - Brazil's consumer confidence weakened for the second straight month in July, figur ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

MEXICO: IMF Increases GDP Growth Estimate To 1.9% In 2017

07/25/2017 - 16:30 PM (RTTNews)
(RTTNews) - The International Monetary Fund (IMF) raised Mexico's economic growth outlook for ...Full Story>>

BRAZIL: Center-south Sugar Cane Crush Is Down 6.13% On Year

07/25/2017 - 16:06 PM (RTTNews)
(RTTNews) - Brazil's center-south sugar cane crush for the 2017-18 harvest was down 6.13% on y ...Full Story>>

BRAZIL: Central Bank Starts Monetary Policy Meeting

07/25/2017 - 15:43 PM (RTTNews)
(RTTNews) - The Brazilian central bank's monetary policy committee (Copom) meeting started Tue ...Full Story>>

U.S. Consumer Confidence Unexpectedly Improves In July

07/25/2017 - 11:09 AM (RTTNews)
(RTTNews) - Consumer confidence in the U.S. unexpectedly improved in the month of July, according ...Full Story>>

PMI Fall Unlikely To Deter ECB From Tapering Asset Buys This Year

07/25/2017 - 10:31 AM (RTTNews)
(RTTNews) - The latest slowing in the private sector growth in the euro area and the fall in the p ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.