Consumer Sentiment Better Than Expected

Ann Arbor, MI, July 27, 2012 -- The final reading of the University of Michigan-Thomson Reuters July consumer sentiment survey was 72.3.

That's higher than the initial reading of 72.0, as well as higher than economists's expectations for a reading of 72.0.

That's still down from a 73.2 reading in June and was the worst reading of the year.