USA Consumer Sentiment At 7-Month Low

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USA Consumer Sentiment: Thomson Reuters / University of Michigan

Consumer sentiment falls to 2012 low

(Reuters) - Consumer sentiment fizzled in July, falling to its lowest level of the year, as Americans took a dim view of the employment situation and their income prospects.

The Thomson Reuters/University of Michigan's final reading on the overall index on consumer sentiment fell to 72.3 from 73.2 in June. It was the second month in a row attitudes have soured and the lowest level since December.

"While consumers do not anticipate an economy-wide recessionary decline, they do not expect a pace of economic growth that could satisfactorily revive job and income prospects," survey director Richard Curtin said in a statement.

"Moreover, consumers have become increasingly convinced that current economic policies are incapable of solving the underlying problems facing the economy."

USA Consumer Sentiment by Month

USA Consumer Sentiment by Year

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