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%

Featured Chart (Image | PDF)

Featured Chart
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.