Consumer Sentiment in U.S. Unexpectedly Declined in July
This article is for subscribers only.
Consumer confidence unexpectedly cooled in July as Americans became less optimistic about the outlook for the economy.
The Thomson Reuters/University of Michigan preliminary index of consumer sentiment decreased to 83.9 in July from 84.1 the month prior, today’s report showed. The median forecast in a Bloomberg survey called for a gain to 84.7. The gauge reached an almost six-year high of 84.5 in May.