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Market
U.S. Consumer Sentiment Slips In May From 6-Year High
NEW YORK (6/17/13)--After reaching a six-year high in May, U.S. consumer confidence dipped in June to 82.7 from 84.5 in May, according to the Thomson/Reuters University of Michigan preliminary index of consumer sentiment.

The dip was a result of slipping household optimism regarding employment and housing, although the overall view of the U.S. economy by consumers remains positive (The New York Times and Bloomberg.com June 14).  

June's reading still was the second highest in the past eight months, indicating U.S. citizens remain upbeat about long-term prospect for the economy, the Times said.

Even though the index's gauge of current economic expectations dropped to 92.1 from 98, an index component's measure of consumer expectations inched up to its highest level since November, to 76.7 from 75.8, the Times said.
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