BLBG: Michigan Consumer Sentiment Index Increased to 85.1 in July
The Thomson Reuters/University of Michigan final index of U.S. consumer sentiment increased to 85.1 in July from 84.1 the prior month.
The median forecast in a Bloomberg survey called for 84 in the final July gauge after a preliminary reading of 83.9. Forecasts of the 63 economists in the survey ranged from 83 to 86. The index averaged 89 in the five years leading up to the last recession that began in December 2007. During the 18-month slump that ended in June 2009, the gauge averaged 64.2.
To contact the reporter on this story: Victoria Stilwell in Washington at vstilwell1@bloomberg.net
To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net
