FINANCIAL TIMES: US consumer sentiment hit a six-month low this month while factory output shrank in May, adding to evidence that slow wage growth, high unemployment and global economic fears are once again weighing on the recovery.
The Thomson Reuters/University of Michigan consumer sentiment index fell in June for the first time in 10 months, retreating to 74.1 from May’s four-year high of 79.3. That missed forecasts of 77.5 and was the lowest reading since December…
Richard Curtin, the survey’s director said: “Income losses were reported by nearly one-third of all households in early June and the news reaching consumers about job prospects turned negative for the first time since late 2011… (more)
