US consumer sentiment at lowest level for year

Published June 29, 2012 2:42pm ET



WASHINGTON (AP) — A measure of U.S. consumer sentiment fell in June to the lowest level for 2012, dragged down by a sluggish job market and weak growth.

The Thomson Reuters/University of Michigan index of consumer sentiment fell to 73.2 in June from 79.3 in May. Higher-income households said they planned to cut back on spending, accounting for much of the drop.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.