Following a 10-year high, economic expectations moderated in July, falling by 3.8 points to 54.6.
Income expectations slipped by 5.1 points to 29 points, which was still up 10 points year-on-year.
By contrast, the propensity to buy was on the rise, increasing by 1.4 points to 14.8. In spite of the rise, consumption propensity was still down by almost 28 points year-on-year.
Market Impact
Ahead of today’s consumer sentiment figures, the EUR had risen from a pre-stat low $1.18125 to a pre-stat high $1.18276.
In response to today’s stats, the EUR rose to a post-stat and current day high $1.18306 before falling to a post-stat and current day low $1.17919.
At the time of writing, the EUR was down by 0.20% to $1.17923.
Next Up
U.S trade data ahead of the all-important FED monetary policy decision and press conference…
With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.