- Prior was 52.2
- Current conditions 57.6 vs 59.6 expected
- Expectations 46.5 vs 48.0 expected
- 1-year inflation 7.3% vs 6.5% prior
- 5-year inflation 4.6% vs 4.4% prior
This is a poor reading. I would have expected to see some recovery after Trump reversed the Liberation Day tariffs but that didn’t show up in this round. The pause in China tariffs should be a tailwind in the month ahead.
This article was written by Adam Button at www.forexlive.com.
