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U.S. consumer sentiment ebbs in mid-July as COVID-19 infections surge

Published 07/17/2020, 10:15 AM
© Reuters. FILE PHOTO: Destiny USA mall reopens as COVID-19 restrictions are eased

WASHINGTON (Reuters) - U.S. consumer sentiment unexpectedly fell in the first half of July amid a resurgence in new COVID-19 cases across the country.

© Reuters. FILE PHOTO: Destiny USA mall reopens as COVID-19 restrictions are eased

The University of Michigan said on Friday its consumer sentiment index dropped to a reading of 73.2 from 78.1 in June. Economists polled by Reuters had forecast the sentiment index edging to 79 early this month.

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