Consumer sentiment 61.7 vs 61.8 estimated

Breakdown

• University of Michigan consumer sentiment final reading was 61.7, just below the 61.8 estimate. 1m 17s
• Construction spending fell by 0.4%, the largest drop since March. 6s
• ISM manufacturing index remained in contraction at 48.0 for the fifth month. 22s
• Inflation expectations for the next year rose to 4.5%, while five-to-ten year expectations dropped to 3.4%. 2m 2s
• Nonfarm payroll figures for May and June were revised downward significantly. 2m 23s