U.S. Consumer Sentiment Improves More Than Previously Estimated In July

India, July 31 -- A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved more than previously estimated in the month of July.

The University of Michigan said its consumer sentiment index for July was upwardly revised to 55.2 from a preliminary reading of 54.4. Economists had expected the index to be downwardly revised to 54.2.

With the unexpected upward revision, the index is well above the June reading of 49.5 and the record low of 44.8 hit in May.

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Published by HT Digital Content Services with permission from RTT News....