University of Michigan consumer sentiment
- Initial reading was 87.9
- Current conditions 103.2 vs 105.5 prior
- Expectations 76.8 vs 76.6 prior
- In year inflation 2.4% vs 2.4% prior
The revision lower in current conditions was behind the dip. In general, the consumer has been healthy but today's GDP numbers showed a bit of malaise on spending.
