US Consumer Sentiment Improves Slightly in August


The University of Michigan's consumer sentiment for the United States came in at 90.4 in August 2016 from 90 in July but well below market expectations of 91.5, preliminary figures showed. Consumer expectations improved firmly while current conditions deteriorated.

The barometer of consumer expectations went up to 80.3 from 77.8 in the previous month while the gauge of current economic conditions declined to 106.1 from 109 in July.

Americans expect the inflation rate in the next year to be 2.5 percent from 2.7 percent in July. Over the next 5 years, they expect consumer prices to accelerate to 2.6 percent, the same as in previous month. 

US Consumer Sentiment Improves Slightly in August


University of Michigan | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/12/2016 3:10:38 PM