Thomson Reuters University of Michigan: Consumer Sentiment Falls in July

(A shopper leaves the Gap with a bag in New York City. (Photo: REUTERS)

Thomson Reuters and the University of Michigan said their gauge on consumer sentiment from fell in July to 93.3 from a June reading of 96.1. Wall Street expected the gauge to hold steady.

Data from the Conference Board, which will report its reading on consumer confidence, is due out on July 28.