Anyone believe this shiite from UMich- Leaked already !
Consumers a Little More Upbeat in July
Friday July 16, 10:32 am ET
NEW YORK (Reuters) - U.S. consumer sentiment improved marginally in early July, supported by a healthier jobs market and a fairly optimistic outlook on the world's largest economy, according to a survey released on Friday
The sentiment index of the University of Michigan's preliminary survey of consumer confidence for July rose to 96.0 from a final reading of 95.6 in June, according to sources who saw the subscription-only report. Economists polled by Reuters had forecast a rise to 97.0. "I expect that consumer confidence will improve gradually because the pace of economic growth is not that great," said William Cheney, chief economist at John Hancock Financial Services Inc. in Boston. "It's nice that it's stayed up. It seems that we have been spending through the ups and downs. I don't see any evidence that consumers' inclination to spend has changed," he added. The expectations index grew to 90.4 in July from 88.5 in June, in line with a labor market that has improved markedly. Business surveys have indicated that U.S. firms intend to increase their hiring significantly in the months ahead.
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