Friday, August 29, 2014

Consumer Sentiment Improved in August

According to the University of Michigan Consumer Sentiment index, consumer sentiment rose in August to 82.5, fully erasing the decline from the previous month.

Current expectations jumped to 99.8, a seven year high. Future expectations declined slightly to 71.3, the lowest reading since March. The gap between current and future expectations remained. Consumers are less optimistic about the future in comparison to the present.

The report indicated that inflationary expectations slightly changed from the month prior, calling for 3.2% inflation over the next year and 2.9% over the next 5 years.

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