U.S. Consumer Sentiment Improves Much More Than Expected In July

India, July 17 -- Consumer sentiment in the U.S. has improved by much more than expected in the month of July, according to preliminary data released by the University of Michigan on Friday.

The University of Michigan said its consumer sentiment index jumped to 54.4 in July from 49.5 in June. Economists had expected the index to rise to 51.3.

With the bigger than expected increase, the consumer sentiment bounced further off the record low set in May and reached its highest level since hitting 56.5 in February.

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