U Mich July consumer sentiment 72.0 vs 73.4 exp

• June final reading was 73.2
• Current conditions 83.2 vs 81.1 exp, 81.5 prior
• Expectations 64.8 vs 68.0 exp
• 1-year inflation outlook 2.8% vs 3.1% in June

Sentiment and expectations both at lowest since December, one-year inflation outlook lowest since Oct. 2010.