U.S. Consumer Sentiment Drops Amid Notable Decline In Expectations

Datum : 14/07/2017 @ 12h12
Quelle : RTTF2
Name : United States Dollar (B) VS Swiss Franc Spot (USD/Chf) (USDCHF)
Kurs : 0.9368  0.00069 (0.07%) @ 01h05
United States Dollar vs Swiss Fr share price Chart

U.S. Consumer Sentiment Drops Amid Notable Decline In Expectations

United States Dollar vs Swiss Fr (FX:USDCHF)
Forex Chart

1 Jahr : Von Feb 2017 bis Feb 2018

Click Here for more United States Dollar vs Swiss Fr Charts.

With consumer expectations taking a hit, the University of Michigan released a report on Friday showing a notable deterioration in U.S. consumer sentiment in the month of July.

The preliminary report said the consumer sentiment index dropped to 93.1 in July from the final June reading of 95.1. Economists had expected the index to edge down to 95.0.

The bigger than expected decrease by the headline index came as the index of consumer expectations slid to 80.2 in July from 83.9 in June.

On the other hand, the report said the index of current economic conditions rose to 113.2 in July from 112.5 in June, matching the twelve-year high set in March.

"Overall, the recent data follow the same pattern repeatedly recorded around past cyclical peaks: expectations start to post significant declines while assessments of current economic conditions continue to reach new peaks," said Richard Curtin, the survey's chief economist.

"To be sure, the data do not suggest an impending recession," he added. "Rather, the data indicate that hopes for a prolonged period of 3% GDP growth sparked by Trump's victory have largely vanished, aside from a temporary snap back expected in the 2nd quarter."

On the inflation front, one-year inflation expectations rose to 2.7 percent in July from 2.6 percent in June, while five-year inflation expectations edged up to 2.6 percent from 2.5 percent.

Kürzlich von Ihnen besucht
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

Der Markt LS (Lang&Schwarz) wird als Realtime Indikation kostenlos angezeigt und bietet Ihnen außerbörsliche Realtime Aktienkurse in der Zeit von Mo-Fr 08:00 bis 23:00, Samstags 10:00 bis 13:00 und Sonntags an.
NYSE und AMEX Kurse sind um mindestens 20 Minuten zeitverzögert.
Alle weiteren Kurse sind um mindestens 15 Minuten zeitverzögert, sofern nicht anders angegeben.
P:40 V:de D:20180224 13:37:43