• Economists had expected the Reuter's/University of Michigan Survey of Consumer Confidence Sentiment to tick up for July, but consumers felt otherwise.
• The index went to 72 from 73.2 in June. The professionals thought it might get to 73.5.
• Analytical firm Econoday said consumers' overall expectations hit a current-year low, too, though they also reduced their estimates for what inflation will be like over the next 12 months.

From the report:

Consumers in July lost confidence in the overall economy with the Reuter's/University of Michigan Survey of Consumer Confidence Sentiment dropping to an index score of 72 in the first part of July, down from 73.2 in the most recent report. ...