Consumer sentiment slips slightly in early July

Consumer sentiment waned slightly in early July, as Americans were more optimistic about current economic conditions than they have been in six years, but that was offset by a decline in confidence over the recovery’s prospects, a survey released on Friday showed. The Thomson Reuters/University of Michigan’s preliminary reading on the overall index on consumer sentiment edged down to 83.9 from 84.1 in June, shy of forecasts for 85. [cont.]