Closely watched measure of consumer confidence weakens in early June, missing forecasts.
June 13, 2003: 9:49 AM EDT
NEW YORK (CNN/Money) - A closely watched measure of consumer confidence in the United States fell in June, a published report said Friday, defying expectations of a gain.
The University of Michigan's consumer sentiment index fell to 87.2 from 92.1 in May, according to market sources quoted by Reuters. Economists, on average, expected a reading of 93.4, according to Reuters.
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