US: U. Michigan consumer sentiment falls to 93.1 in July

FXStreet (Córdoba) - A gauge of US consumer sentiment by the University of Michigan fell to a final July reading of 93.1 from a final June level of 96.1.

A preliminary July reading estimated sentiment at 93.3, while expectations were for a 94.0 print.

“A disappointing pace of economic growth was the main reason for the small decline in consumer confidence”, said the U Michigan statement. “Nonetheless, the data provide no indication of a break in the prevailing positive trend”.