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University of Michigan Consumer Confidence revised up slightly | news

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The US consumer confidence index from the University of Michigan was revised slightly higher to 51.5 in July, after beating the preliminary reading of 51.1 and a record low of 50.0 in June.

More details of the release:

  • Consumer Confidence: 51.5 vs 51.1 Estimate and 50.0 Prev
  • Current situation: 58.1 compared to 53.8 preliminary
  • Expectations: 47.3 vs. provisional 47.5
  • Inflation expectations 1 year: 5.2% vs. provisional 5.3%
  • Inflation expectations 5 years: 2.9% vs. preliminary 3.1%

EURUSD rebounded from the session lows following the release of consumer confidence data. Source: xStation 5

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