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- U.S. consumer sentiment index fall more than forecast in early August
U.S. consumer sentiment index fall more than forecast in early August
A report from
the University of Michigan revealed on Friday the preliminary reading for the
Reuters/Michigan index of consumer sentiment fell to 92.1 in early August, its lowest
level since the start of the year.
Economists had
expected the index would decrease to 97.2 this month from July’s final reading
of 98.4.
According to
the report, the index of current U.S. economic conditions dropped to 107.4 in August
from 110.7 in the previous month. Meanwhile, the index of consumer expectations
declined to 82.3 this month from 90.5 in July.
Monetary and
trade policies have heightened consumer uncertainty - but not pessimism - about
their future financial prospects, the report noted.
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