July Reuters/UofM Consumer Sentiment: 66.5 vs. 75 expected and 76 in June. Expectations 60.6 vs....

|By:, SA News Editor
July Reuters/UofM Consumer Sentiment: 66.5 vs. 75 expected and 76 in June. Expectations 60.6 vs. 70.7 expected. It's the lowest reading in 11 months, just 2.5 months after peaking. "Income and job prospects were extraordinarily weak and those bleak prospects have made consumers much more cautious spenders," the survey said.