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US Consumer Sentiment Rose 2.3% in August
Consumer sentiment rose 2.3% in August to 67.9, according to final results from the University of Michigan Survey of Consumers. This represents a 2.2% decline year over year. “Consumer sentiment confirmed its early-month reading; after drifting down for four months, sentiment inched up 1.5 index points above July and is currently 36% above the all-time historic low from June 2022,” says Survey of Consumers director Joanne Hsu. “Consumers’ short- and long-run economic outlook improved, with both figures reaching their most favorable levels since April 2024 and a particularly sizable 10% improvement for ... (full story)
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- Posted: Aug 30, 2024 10:10am
- Submitted by:Category: Medium Impact Breaking NewsComments: 0 / Views: 4,995
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