UMich Consumer Sentiment slumped further in July with Current Conditions plunging to their weakest since Dec 2022...

Confidence among Republicans picked up modestly while Democrats' sentiment slumped to its lowest since 2023...

Buying-Conditions crashed for everything...

On the bright side, inflation expectations continue to stabilize...

Surveys of Consumers Director Joanne Hsu noted that "continued election uncertainty is likely to generate volatility in economic attitudes in the months ahead."

"...continued election uncertainty is likely to generate volatility in economic attitudes in the months ahead."
{ai:summary}Consumer sentiment took a nosedive in July, with current conditions dropping to their lowest since December 2022. Republicans felt a slight lift, while Democrats faced a heavy drop. Amidst shaky buying conditions, inflation expectations have steadied, but election jitters loom. #economy

Depressed Democrats Drag UMich Consumer Sentiment Survey To 8-Month-Lows

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