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6/29/2012 10:45:00 AM Write a Letter to the Editor Write a letter to the Editor

Consumer Confidence Drops to Lowest Level This Year

Consumer confidence dropped in June to the lowest level this year, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

The final index for the month fell to a reading of 73.2, from 79.3 in May, which was the highest since October 2007.

Economists had predicted a decline to 76, Bloomberg reported.

The survey’s index of current conditions asks Americans if they are better off than they were a year ago and if it's a good time to buy big-ticket items.

By Transport Topics

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