Coming Up: UMich consumer sentiment for July
WASHINGTON (MarketWatch) -- The preliminary July reading of the University of Michigan-Thomson Reuters consumer-sentiment index is due at 9:55 a.m. Eastern. Economists polled by MarketWatch expect the index to decline to 73 in July from a final reading of 73.2 in June, with views on Europe and U.S. fiscal uncertainty continuing to constrain sentiment. The sentiment gauge, which covers how consumers view their personal finances as well as business and buying conditions, averaged about 87 in the year before the most recent recession. Economists watch sentiment data to get a feel for the direction of consumer spending.