University of Michigan gauge rises to 90.9 in July, slightly above views and up from 89.7 in June.
U.S. consumer sentiment improved slightly in July as the economy edged closer to a recovery and stock markets held their ground.
The University of Michigan's gauge of consumer confidence rose to 90.9 in July from June's 89.7, market sources said Friday. This compared with a mid-month reading of 90.3, Wall Street forecasters had pegged the figure at 90.5, according to a Reuters poll.
The component outlining perceptions of current economic conditions was unchanged, while the survey's outlook measure fell to 83.7 from 86.4 in June.
The Michigan findings ran counter to the Conference Board's separate reading on confidence for July, released Tuesday. That gauge fell unexpectedly last month, in part due to persistent woes in the nation's labor market.
In a mixed jobs report released earlier Friday, the unemployment rate fell to 6.2 percent from 6.4 percent in July, while payrolls declined 44,000.
U.S. consumer sentiment improved slightly in July as the economy edged closer to a recovery and stock markets held their ground.
The University of Michigan's gauge of consumer confidence rose to 90.9 in July from June's 89.7, market sources said Friday. This compared with a mid-month reading of 90.3, Wall Street forecasters had pegged the figure at 90.5, according to a Reuters poll.
The component outlining perceptions of current economic conditions was unchanged, while the survey's outlook measure fell to 83.7 from 86.4 in June.
The Michigan findings ran counter to the Conference Board's separate reading on confidence for July, released Tuesday. That gauge fell unexpectedly last month, in part due to persistent woes in the nation's labor market.
In a mixed jobs report released earlier Friday, the unemployment rate fell to 6.2 percent from 6.4 percent in July, while payrolls declined 44,000.
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