Final Results for July 2025
Jul | Jun | Jul | M-M | Y-Y | |
2025 | 2025 | 2024 | Change | Change | |
Index of Consumer Sentiment | 61.7 | 60.7 | 66.4 | 1.60% | -7.10% |
Current Economic Conditions | 68.0 | 64.8 | 62.7 | 4.90% | 8.50% |
Index of Consumer Expectations | 57.7 | 58.1 | 68.8 | -0.70% | -16.10% |
Read our August 1st special report, July 2025 Update: Current versus Pre-Pandemic Long-Run Inflation Expectations
Next data release: Friday, August 15, 2025 for Preliminary August data at 10am ET
Surveys of Consumers Director Joanne Hsu
Consumer sentiment improved for the second straight month, inching up a scant single index point from June. Current conditions rose about 5% to its highest reading since February 2025, while the expectations index fell slightly. A rise in sentiment among stock holders was partially offset by a decline among consumers who do not own stocks. Perceptions of this month’s economic developments were similar across the political spectrum; Republicans, Independents, and Democrats all saw some minor increases in sentiment this month. Although recent trends show sentiment moving in a favorable direction, sentiment remains broadly negative. Consumers are hardly optimistic about the trajectory of the economy, even as their worries have softened since April 2025.
Year-ahead inflation expectations fell for a second straight month, plunging from 5.0% last month to 4.5% this month. This is the lowest reading since February 2025 but above December 2024 just after the election. Long-run inflation expectations receded for the third consecutive month, falling back from 4.0% in June to 3.4% in July. This is the lowest reading since January 2025 but, again, still considerably higher than the December 2024 reading.
Year-ahead inflation expectations fell for a second straight month, plunging from 5.0% last month to 4.5% this month. This is the lowest reading since February 2025 but above December 2024 just after the election. Long-run inflation expectations receded for the third consecutive month, falling back from 4.0% in June to 3.4% in July. This is the lowest reading since January 2025 but, again, still considerably higher than the December 2024 reading.