Consumer sentiment fell more than expected, reflecting worries about what's happening internationally. The preliminary reading of consumer sentiment for July from the University of Michigan came in at 93.3. Economists had estimated a reading of 96 for July, according to Bloomberg. The final reading for June was 96.1, a five-month high. In the release, Richard Curtin, the survey's chief economist, said: "The small loss in early July reflected a slight rise in concerns about international developments which was partially offset by continued news of job gains." Two of the biggest international stories of late have been the debt crisis in Greece and the stock market crash in China. More to come ...Join the conversation about this story »
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