The University of Michigan’s preliminary July consumer sentiment index reading fell more than analysts anticipated, plunging to 66.5 from a final June mark of 76.0, according to market sources Friday.

Economists polled by Thomson Reuters had predicted a 75.0 reading for the index in July. The lower reading suggests the general weakness evidenced by recent economic reports is percolating into the general public.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.