- Analytics
- News and Tools
- Market News
- U.S. consumer sentiment worsens more than initially estimated in August
U.S. consumer sentiment worsens more than initially estimated in August
The final
reading for the August Reuters/Michigan index of consumer sentiment came in at 89.8
compared to a preliminary reading of 92.1 and the July final reading of 98.4. That
was the lowest reading since October 2016.
Economists had
forecast the index to be unrevised at 92.1.
According to
the report, the index of the current economic conditions fell to 105.3 from July’s
final reading of 110.7.
Meanwhile, the
index of consumer expectations decreased to 79.9 from July’s final reading of 90.5.
The report
notes that the consumer sentiment index posted its largest monthly decline in
August (-8.6 points) since December 2012 due to negative references to tariffs,
which were spontaneously mentioned by one-in-three consumers.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
