Consumer Sentiment in U.S. Increases to Six-Year High July

Consumer confidence unexpectedly increased in July to the highest level in six years as Americans’ views of their finances improved.

The Thomson Reuters/University of Michigan final index of consumer sentiment advanced to 85.1 in July from 84.1 at the end of June. Economists in a Bloomberg survey called for 84, according to the median projection after a preliminary reading of 83.9.