Friday, July 13, 2012

Consumer Sentiment declines in July to 72.0

by Bill McBride on 7/13/2012 09:55:00 AM

Consumer Sentiment
Click on graph for larger image.

The preliminary Reuters / University of Michigan consumer sentiment index for July declined to 72.0, down from the June reading of 73.2.

This was below the consensus forecast of 73.5 and the lowest level this year. Overall sentiment is still weak - probably due to a combination of the high unemployment rate and the sluggish economy.