UM’s Consumer Sentiment Index Fell Back Early July, Gasoline Prices Are Holding Steady On Lower Demand

The consumer confidence and expectations indices maintained by the University of Michigan’s Surveys of Consumers fell back in the first half of July, erasing most of the gains since they hit bottom during the depths of the first Covid surge in April. The Consumer Sentiment Index fell to 73.2 from 78.1 in the final June…