Washington, DC, July 28, 2006-- Consumer sentiment was nearly unchanged in July, according to media reports Friday of proprietary research from the University of Michigan.
The university’s consumer sentiment index inched lower to 84.7 in July from 84.9 in June.
The preliminary July index was 83.0. Economists were expecting the index to inch lower to 82.9.
The current conditions index fell to 103.5 in July from 105.0 in June, while the expectations index improved slightly to 72.5 in July from 72.0 in June.
Consumers were expecting inflation of 3.2% over the next year, down from 3.3% expected in June.
