July 2019 consumer confidence from the Conference Board

  • Prior was 121.5 (revised to 124.3)
  • Present situation170.9 vs 162.6 prior (prior revised to 164.3)
  • Expectations 112.2 vs 94.1 prior (prior revised to 97.6)
  • Jobs hard-to-get 12.8 vs 15.8 prior
  • 1-year inflation expectations 4.7% vs 5.1% prior

The highest estimate in the Bloomberg survey was 132.0. This is a big beat and another indication that the economy is shrugging off whatever ailed it in the spring.