Consumer sentiment ticked higher in July, marking two consecutive months of improved shopper attitudes as businesses navigated President Donald Trump’s latest tariff threats targeting dozens of countries.

US consumer sentiment rose to a five-month high in early July as expectations about the economy and inflation continued to improve.

Consumer sentiment inched up in July, increasing for a second straight month. The Michigan Consumer Sentiment Index was up 1.8% (1.1 points) to 61.8 this month. This is the index's highest level since February but still reflects historically low levels of optimism. Consumer sentiment has fallen by 6.9% (4.6 points) compared to a year ago.