U.S. consumer sentiment holds steady in early July
Tweet
Share
E-mail
FILE PHOTO: Shoppers stand in line wearing face masks outside the Louis Vuitton store during the outbreak of the coronavirus disease (COVID-19), in Beverly Hills, California, U.S., July 30, 2020. REUTERS/Mario Anzuoni
WASHINGTON (Reuters) - U.S. consumer sentiment was largely steady in the first half of August, despite a continued rise in new COVID-19 cases and the expiration of a $600 weekly unemployment benefit supplement.
The University of Michigan said on Friday its consumer sentiment index edged up to a reading of 72.8 from 72.5 in July. Economists polled by Reuters had forecast the sentiment index dipping to a reading of 72 early this month. The unemployment benefit supplement ended on July 31.
(Reporting By Lucia Mutikani)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Oil markets start to signal near-term oversupply as tankers exit Strait of Hormuz
- Renault seeks to cut 800 jobs in engineering in France
- Soccer-Pulisic says calf injury improving, hopes to return for US against Turkey
Create E-mail Alert Related Categories
ReutersRelated Entities
University of Michigan Consumer Sentiment IndexSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
