{"id":1580168,"date":"2022-07-30T08:03:26","date_gmt":"2022-07-30T12:03:26","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1580168"},"modified":"2022-07-30T08:03:31","modified_gmt":"2022-07-30T12:03:31","slug":"consumer-sentiment-at-its-second-worst-ever-this-month","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/consumer-sentiment-at-its-second-worst-ever-this-month\/","title":{"rendered":"Consumer Sentiment at Its Second Worst Ever This Month"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fconsumer-sentiment-at-its-second-worst-ever-this-month%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1580168&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p class=\"subheading\">Consumer sentiment remained deep in the doldrums in July as inflation further eroded purchasing power and left families scrambling to make ends meet.<\/p>\n<p>The University of Michigan said its final consumer sentiment index score for July edged up slightly to 51.5 from 50.0 in June. It is down 36.6 percent over the course of the year.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>The indicator of current conditions improved from 53.8 in June to 58.1 in July. This is still 31.2 percent below last year\u2019s level. It\u2019s likely this was boosted by a steep decline in gasoline prices, which fell from $4.87 a month ago to $4.25 today.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Consumers\u2019 outlook, however, worsened. The barometer of expectations edged down to 47.3 from 47.5 a month ago. This measure is off by just over 40 percent compared with the year ago level.<\/p>\n<p>Despite the improvement in July, the index level is near the worst level ever recorded and is at the second lowest ever.<\/p>\n<p>Joanne Hsu, the director of the survey, said \u201cconcerns over global factors have eased somewhat. This easing provided some limited support to buying conditions for durables, which remained near the all-time low reached last month, as well as a modest retreat in long run inflation expectations.\u201d<\/p>\n<p>The final July reading of the median expected year-ahead inflation rate was 5.2 percent, where it had been for the proceeding two months.\u00a0Long run expectations dipped to 2.9 percent from 3.0 percent, but remained within the elevated 2.9-3.1 percent range seen in the past 11 months.<\/p>\n<p>Hsu said expectations for the labor market have also softened, likely reflecting an uptick in jobless claims in recent months and the expectation that the Federal Reserve\u2019s rate hikes will quell demand for labor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consumer sentiment remained deep in the doldrums in July as inflation further eroded purchasing power and left families scrambling to make ends meet. The University of Michigan said its final<\/p>\n","protected":false},"author":1,"featured_media":1580303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1580168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1580168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1580168"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1580168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1580303"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1580168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1580168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1580168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}