Friday, 15 June 2012

June consumer sentiment sinks to six-month low

Shoppers ride an escalator at a Target Store in ChicagoNEW YORK (Reuters) - Consumer sentiment fell in early June to a six-month low on worries about deterioration in the jobs market and Europe's debt crisis, a survey released on Friday showed. Americans downgraded their economic outlook after their confidence improved in May to its highest level since October 2007. The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment fell to 74.1 in June from to 79.3 in May, falling short of the 77.5 reading predicted by economists recently polled by Reuters. This was the weakest reading since 69. ...


Source: http://news.yahoo.com/june-consumer-sentiment-sinks-six-month-low-135847222--business.html

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