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Friday, July 27, 2007

U.S. Michigan Confidence Index Rose to 90.4 in July

" Confidence among U.S. consumers rose less than expected in July as gasoline prices dropped from record highs and the labor market continued to show strength, a private report today indicated.

The Reuters/University of Michigan's final index of consumer sentiment rose to 90.4 from 85.3 in June. Last month's figure was the lowest in 10 months. The reading was below the university's preliminary figure, released on July 13, showing the confidence level at 92.4. "

Source: U.S. Michigan Confidence Index Rose to 90.4 in July (Update1) (http://www.bloomberg.com/apps/news?pid=20601087&sid=aksMS2QUG.GM&refer=home)