Consumer Sentiment Revised Higher for January

Ann Arbor, MI, Jan. 28, 2011 -- Consumer sentiment edged down in January, but was higher than an earlier estimate, according to the Thomson Reuters and University of Michigan survey.

The final January reading showed that the sentiment index fell to 74.2 from 74.5 in December. An earlier reading for January estimated that the index had dropped to 72.7 because of higher gas prices.

Economists had expected a final January reading of 73.5.